The SBI BSE PSU Bank ETF, managed by SBI Funds Management Limited, aims to closely replicate the total returns of the BSE PSU Bank TRI, focusing on the financial services sector.

This open-ended fund employs a sector-specific investment strategy, seeking to track the performance of PSU banks while managing tracking error, although no guarantees are provided for achieving its objective.

The portfolio is heavily concentrated, with top holdings including State Bank of India at 27.9% and Bank of Baroda at 16.2%, reflecting significant exposure to the financial services industry.

Over the past year, the ETF has demonstrated a strong performance with a return of +32.8%, although longer-term CAGR metrics are not available, indicating potential volatility in returns.

With an AUM of ₹472.1 Cr and a low expense ratio of 0.25%, the fund is accessible and cost-efficient, managed by Mr. Viral Chhadva, who brings 19 years of experience.