SBI Nifty Private Bank ETF (G)

SBI Nifty Private Bank ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty Private Bank TR INR. SBI Nifty Private Bank ETF (G) is managed by the SBI Funds Management Ltd with the fund managers being Harsh Sethi. The SBI Nifty Private Bank ETF (G) was launched on Oct 19, 2020 with no lock-in period. Since its inception, the fund has delivered 18.3% as a return on investment. The fund has delivered a 1-year return of 10.4%, a 3-year return of null%, and a 5-year return of null%.

As on 23 Mar, 2023 the NAV of the fund is Rs 201.99 and the AUM is Rs 159.99 crores. The fund charges an expense ratio of 0.15% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty Private Bank TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years.

Scripbox provides a unique feature through which you can compare the performance of SBI Nifty Private Bank ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.