UTI Nifty Bank ETF

The UTI Nifty Bank ETF, managed by UTI Asset Management Company Limited, is an open-ended scheme aiming to closely replicate the total returns of the Nifty Bank TRI index, subject to tracking error.

This ETF employs a market cap weighted strategy, focusing predominantly on large-cap financial stocks, which enhances its tracking efficiency against the benchmark, ensuring alignment with the index's performance.

The portfolio is heavily concentrated in the financial services sector, with major holdings in HDFC Bank (28.6%) and ICICI Bank (26.0%), indicating potential concentration risk but strong sector focus.

Performance metrics highlight a 1-year change of +1.9% and a robust 3-year CAGR of 13.1%, showcasing consistent returns that align with market expectations for bank sector investments.

With an AUM of ₹3530.6 Cr and a low expense ratio of 0.17%, the fund is accessible for investors, while the management team, led by experienced professionals, adds to its operational credibility.