SBI Nifty50 Equal Weight ETF, managed by SBI Funds Management Limited, aims to deliver returns closely aligned with the Nifty50 Equal Weight TRI index, operating as an open-ended scheme.

The fund employs an equal-weighted investment strategy, ensuring diversified exposure across its holdings, with a tracking error of just 0.0394%, reflecting efficient benchmark replication.

Top holdings include ETERNAL LTD. and HERO MOTOCORP LTD., with the financial services sector dominating at 23.1%, indicating a concentrated yet diversified portfolio across multiple industries.

In the past year, the fund has delivered an impressive return of 11.7%, showcasing strong performance despite the absence of longer-term CAGR data, underlining its potential in the current market.

With a modest AUM of ₹27.4 Cr and a low expense ratio of 0.3%, the fund remains accessible, managed by Mr. Viral Chhadva, who brings 19 years of experience to the table.