The HDFC Nifty Private Bank ETF, managed by HDFC Asset Management Company, aims to mirror the NIFTY Private Bank Index's total returns, employing a market cap weighted investment style.

This open-ended scheme employs a replication strategy focused on minimizing tracking errors, with a benchmark of the NIFTY Private Bank Index, ensuring alignment with its performance metrics.

The fund's portfolio is heavily concentrated in leading banks, with ICICI Bank and HDFC Bank comprising over 44% of total assets, reflecting significant sectoral exposure and potential concentration risks.

Over the past year, the fund has experienced a slight decline of -1.6%, with a low tracking error of 0.06%, indicating effective management and close adherence to the benchmark.

With an AUM of ₹315.9 Cr and an expense ratio of 0.15%, the fund remains accessible, managed by experienced professionals, Arun Agarwal and Abhishek Mor, ensuring operational efficiency.