SBI ETF PRIVATE BANK, managed by SBI Funds Management Limited, is an open-ended sector-specific scheme aiming to mirror the total returns of the Nifty Private Bank TRI index, though tracking error is acknowledged.

The fund employs a strategy focused on replicating the performance of the Nifty Private Bank TRI index, with a minimal tracking error of 0.0541%, ensuring close alignment with its benchmark.

Portfolio concentration is evident, with the top three holdings—ICICI BANK LTD. (22.5%), HDFC BANK LTD. (22.0%), and KOTAK MAHINDRA BANK LTD. (18.7%)—comprising a significant portion of the fund's assets.

Performance metrics are robust, showing a 1-year change of +13.3% and a 3-year CAGR of 9.6%, reflecting strong sector performance amid market conditions favoring financial services.

With an AUM of ₹483.9 Cr and an expense ratio of just 0.15%, the fund is positioned efficiently in terms of cost, managed by Mr. Harsh Sethi, who has 23 years of experience.