SBI-ETF Nifty Bank Overview

Mutual Fund

SBI-ETF Nifty Bank is SBI’s one of the best open-ended exchange traded scheme. The risk of this fund is high as this fund invests in equity. SBI-ETF Nifty Bank is managed by Mr. Raviprakash Sharma. SBI-ETF Nifty Bank was launched on 2nd March 2015. The benchmark of this fund is Nifty Bank Index. The AUM of SBI-ETF Nifty Bank’s is Rs.1242.39cr. (as on 2nd March 2015)

SBI Mutual Fund provides a great customer care service to its consumers. You can invest in SBI-ETF Nifty Bank dividend. SBI-ETF Nifty Bank has generated good returns over the year the return since launch is 14.12%. The exit load of SBI-ETF Nifty Bank Mutual Fund scheme is zero. The maximum investment for SBI-ETF Nifty Bank is Rs.5, 000. The last three years return of SBI-ETF Nifty Bank is 24.88%. The expense ratio of SBI-ETF Nifty Bank is 0.20%. SBI-ETF Nifty Bank is a high risked fund but the return is also high in this fund. The category of this fund is sectoral banking as this fund invests in banks. Insurance companies and banking companies also can invest in this fund. The CAGR of SBI-ETF Nifty Bank fund is 14.12% since inception.

The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

  SBI-ETF Nifty Bank
  • AUM Size- Rs.1242.39cr.( 28th February 2019)
  • Expense Ratio- 0.20% (28th February 2019)
  • Launch Date- 2nd March 2015
  • Benchmark- NIFTY Bank Index
  • Risk- High
  • Return Since Launch- 14.12%

Performance

1-Year3-Year5-Year10-Year
Fund25.7224.14
S&P BSE Bankex TRI25.9823.76
Category16.7920.42
Rank within Category34
Number of funds in category1717

As on Mar 29, 2019

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