SBI ETF Nifty Bank, managed by SBI Funds Management Limited, is an open-ended sector-specific scheme aiming to mirror the Nifty Bank TRI index returns, subject to tracking error.

The fund employs a replication strategy focusing on the Nifty Bank TRI benchmark, ensuring close alignment with the underlying index while managing tracking error efficiently at 0.0249%.

Portfolio concentration is significant with top holdings like HDFC Bank at 28.6% and ICICI Bank at 26.0%, reflecting a strong focus on the financial services sector, comprising 99.8% of total assets.

Performance metrics exhibit a 1-year return of 15.6% and a 3-year CAGR of 11.6%, showcasing consistent growth amid market fluctuations, enhancing its risk-adjusted return profile.

With a fund size of ₹3,857.5 Cr and a low expense ratio of 0.19%, the ETF offers efficient access to the banking sector, managed by experienced fund manager Mr. Raviprakash Sharma since 2015.