The SBI Nifty Next 50 ETF, managed by SBI Funds Management Limited, is an open-ended scheme aiming to replicate the returns of the Nifty Next 50 TRI index, emphasizing market cap weighting.

Utilizing a tracking error of 0.0795%, the fund closely follows its benchmark, ensuring minimal divergence and aiming for consistent returns aligned with the underlying index performance.

The portfolio showcases a concentrated exposure, with top holdings such as InterGlobe Aviation Ltd. and Hindustan Aeronautics Ltd., reflecting significant allocations across diverse sectors like Financial Services and FMCG.

Over the past year, the ETF achieved a performance change of +78.3%, while the 3-year and 5-year CAGR stood at 17.3% and 18.5%, respectively, indicating strong historical returns.

With a fund size of ₹2474.3 Cr and a low expense ratio of 0.12%, the ETF is efficiently managed by Mr. Raviprakash Sharma, who brings 26 years of experience in the industry.