The UTI Nifty Bank ETF, managed by UTI Asset Management Company Limited, aims to mirror the total returns of the Nifty Bank TRI index while minimizing tracking error, although guarantees are not provided.

This passive investment strategy focuses on replicating the performance of the Nifty Bank TRI index, ensuring that the ETF's returns closely align with those of the underlying securities.

The fund's portfolio predominantly comprises financial services, with significant holdings in HDFC Bank Ltd (27.97%) and ICICI Bank Ltd (23.01%), indicating a concentrated exposure within the banking sector.

Performance has been robust, with a 1-year return of +15.6% and a 3-year CAGR of 11.7%, reflecting consistent growth despite a minor tracking error of 0.02%.

With an AUM of ₹3817.8 Cr and a low expense ratio of 0.17%, the fund remains accessible, managed by experienced professionals since 2020 and 2022, respectively.