SBI ETF IT, managed by SBI Funds Management Limited, is an open-ended scheme focusing on the Information Technology sector, aiming to mirror the Nifty IT TRI index's total returns with minimal tracking error.

The fund employs a replication strategy to closely track its benchmark, the Nifty IT TRI, ensuring that the performance aligns with the underlying index while maintaining a low tracking error of 0.0458%.

Concentration in key holdings is significant, with Infosys and TCS making up 51% of the portfolio, reflecting a high exposure to the Information Technology sector, which dominates at 99.99%.

Despite a challenging year with a -12.4% return, the fund has shown resilience with a 3-year CAGR of 8.8% and a 5-year CAGR of 13.0%, indicating consistent long-term performance.

With an AUM of ₹64.5 Cr and a low expense ratio of 0.2%, the fund is efficiently managed by Mr. Harsh Sethi, who has 23 years of experience, ensuring competitive operational costs.