The SBI-ETF Sensex Next 50, managed by SBI Funds Management Limited, aims to replicate the total returns of the BSE SENSEX Next 50 TRI index with a market cap weighted approach.

The fund employs a tracking strategy with a minimal tracking error of 0.0423%, ensuring close alignment with its benchmark, although no investment guarantee is provided.

Top holdings include MAX Healthcare Institute Ltd. and HDFC Life Insurance Company Ltd., with a concentration risk as the top ten holdings represent a significant portion of the portfolio.

Performance shows a 1-year decline of -6.8%, while the 3-year CAGR stands at an impressive 20.0%, indicating strong long-term potential despite recent volatility.

With an AUM of ₹22.84 Cr and an expense ratio of just 0.12%, the fund remains accessible, managed by experienced Mr. Raviprakash Sharma since October 2018.