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

With a tracking error of 0.0423% and an expense ratio of 0.12%, this open-ended scheme focuses on closely replicating the index performance while minimizing costs for investors.

The fund holds significant positions in MAX Healthcare Institute Ltd. and HDFC Life Insurance Company Ltd., with the top ten holdings accounting for approximately 30.1% of the portfolio, indicating a moderate concentration risk.

Performance metrics reveal a 1-year return of 8.1% and a robust 3-year CAGR of 21.0%, suggesting strong resilience and growth potential within the underlying index's dynamic landscape.

Managed by Mr. Raviprakash Sharma since October 2018, the fund has a total AUM of ₹22.84 Cr, reflecting steady growth and accessibility for investors looking to capitalize on the next tier of Indian equities.