SBI Nifty Bank ETF
Equity
regular
Sector - Financial Services
NAV: ₹ 494.12 as on 03-05-2024
About the Fund
SBI Nifty Bank ETF is an equity fund. This fund was started on 25 March, 2015. The fund is managed by Raviprakash Sharma. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Nifty Bank ETF has ₹4218 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.2.
Fund Performance
Overview
 | 0.2% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹4218 Cr |
 | 25 March, 2015 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 22.71% |
SBI Nifty Bank ETF Distribution as on (31-Mar-24)
Size breakup
Large cap
92.9%
Mid cap
7.1%
Sector Allocation
Financial Services
100%
Top Holdings of SBI Nifty Bank ETF as on (30-Apr-24)
Equity Holdings12
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 8.1% |
 ICICI Bank Ltd | 5.8% |
 HDFC Bank Ltd | 3.4% |
Top Losers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | -9% |
 IndusInd Bank Ltd | -2.4% |
 Bandhan Bank Ltd | 0.1% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.15% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.61% in Mar'24
AUM Change
- AUM of the fund stands at 4.6K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 7.5% drop in AUM moving from 4.55K Cr to 4.21K Cr.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.1% return, outperforming this fund by 8.74% per annum.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 23.48% return, outperforming this fund by 8.3% per annum.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 41.16% return, outperforming this fund by 27.46%.
This fund has one of the lowest expense ratio in the category (sector - financial services). Its expense ratio is 0.2% which is lower than the category average expense ratio of 1.03%.
Peer Analysis
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
SBI Nifty Bank ETF | 13.7% | 15.2% | 10.4% | 11.7% |
Fund Manager
Raviprakash Sharma
Fund Manager of SBI Nifty Bank ETF, since 25 March 2015
Top funds managed
SBI Nifty Bank ETF Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 11.69% since inception which is less than its category average return of 16.72%
Fund Allocations
This fund has an allocation of 100% in Equity, 0% in Debt and 0% in Cash related instruments
AUM size ₹4218 Cr
This fund has AUM of ₹4218 Cr which is more than its category average of ₹ 1553 Cr
Expense Ratio 0.2%
This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 1.41%
Frequently Asked Questions
The current NAV of SBI Nifty Bank ETF is ₹494.12 as on 03-May-2024.
Existing (Absolute + CAGR) as on 03-May-2024.
SBI Nifty Bank ETF | Absolute Returns | CAGR Returns |
1 Month Returns | 2.71% | 2.71% |
6 Month Returns | 12.82% | 12.82% |
1 Year Returns | 13.7% | 13.7% |
3 Years Returns | 52.8% | 15.18% |
5 Years Returns | 63.69% | 10.36% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.2% as on April 2024
₹4218 Cr as on April 2024
HDFC Bank Ltd(29%), ICICI Bank Ltd(23.73%), Axis Bank Ltd(9.19%), State Bank of India(9.14%), Kotak Mahindra Bank Ltd(9.11%) as on April 2024
The alpha ratio for the SBI Nifty Bank ETF for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Nifty Bank ETF | -0.17 | -0.2 | -0.44 |
As on April 2024
The alpha for SBI Nifty Bank ETF is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the SBI Nifty Bank ETF for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Nifty Bank ETF | 1 | 1 | 1.01 |
As on April 2024
The Beta for SBI Nifty Bank ETF is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the SBI Nifty Bank ETF for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Nifty Bank ETF | 0.6 | 0.62 | 0.33 |
As on April 2024
The sharpe ratio for SBI Nifty Bank ETF is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the SBI Nifty Bank ETF for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Nifty Bank ETF | 13.26 | 16.15 | 27.55 |
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.07 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Raviprakash Sharma is the fund manager of SBI Nifty Bank ETF