SBI Nifty Next 50 ETF

The SBI Nifty Next 50 ETF, managed by SBI Funds Management Limited, is an open-ended scheme aimed at mirroring the total returns of the Nifty Next 50 TRI index while minimizing tracking error.

Utilizing a market cap weighted strategy, the ETF seeks to replicate the performance of its benchmark, the Nifty Next 50 TRI, aligning closely with its underlying securities' returns.

The portfolio is diversified across various sectors, with notable allocations in Financial Services (19.6%) and FMCG (11.1%), while top holdings include InterGlobe Aviation (4.9%) and Hindustan Aeronautics (3.6%).

Performance metrics indicate a YTD decline of -12.0%, but a robust 5-year CAGR of 20.8%, reflecting strong historical growth despite recent volatility and a low tracking error of 0.08%.

With a fund size of ₹2474.3 Cr and an expense ratio of just 0.12%, it offers cost-effective access, managed by experienced fund manager Mr. Raviprakash Sharma since March 2015.