SBI Nifty Bank ETF

SBI Nifty Bank ETF is a scheme launched by SBI Mutual Fund on March 20, 2015, and falls under the ETFs fund category. It currently manages an AUM of Rs 4,001.8 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 0.2% for managing the portfolio.

• Investing Strategy:

  To provide returns that, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

• Performance:

  SBI Nifty Bank ETF trailing returns over different times are 11.56% (1 year), 14.18% (3 year) and 20.17% (5 year). The average annual return of this fund stands at 13.22%.