SBI ETF Nifty Bank, managed by SBI Funds Management Limited, is an open-ended scheme targeting sector-specific investments, aiming to mirror the total returns of the Nifty Bank TRI index.

The ETF employs a replication strategy to closely track the benchmark, Nifty Bank TRI, with a low tracking error of 0.0249%, ensuring efficient performance alignment with the index.

The portfolio is heavily concentrated in the financial services sector, with top holdings including HDFC Bank (28.55%) and ICICI Bank (26%), indicating significant sector exposure and potential concentration risk.

In terms of performance, the fund recorded a 1-year change of 1.6% and a 3-year CAGR of 12.9%, reflecting a consistent ability to deliver returns in line with its objectives.

With an AUM of ₹3857.45 Cr and a low expense ratio of 0.19%, the fund remains accessible, managed by Mr. Raviprakash Sharma, who has 26 years of experience in the industry.