HDFC AMC - HDFCNIFBAN

About HDFC NIFTY Bank ETF

• HDFC NIFTY Bank ETF (exchange-traded fund) is aimed at providing returns on investments, which correspond to the NIFTY Bank Index, subject to tracking errors.
• The scheme was launched on August 21, 2020. The ETF is listed on the NSE.
• Since February 2023 the scheme has been managed by Abhishek Mor. Arun Agarwal has been managing the fund since August, 2020.
• The ETF mirrors the performance of the Nifty Bank Total Return Index (TRI). The underlying index represents the performance of the banking sector.
• The ETF has seen 17.74% Compound Annual Growth Rate (CAGR) in the last one year and 15.27% in the last three years. Since inception, the ETF has given 25.33% return (as on June 28, 2024).
• The Assets Under Management (AUM) of HDFC Nifty Bank ETF stood at ₹2,535.06 crore as on June 30, 2024.
• The ETF is listed on the NSE and it can be traded on the exchange during market hours on any normal trading day.
• It has been categorised as a high risk investment instrument.

Investment Objective & Benchmark

• HDFC NIFTY Bank ETF (exchange-traded fund) is aimed at providing investment returns which correspond to the NIFTY Bank Index, subject to tracking errors.
• The ETF consists of stocks from the banking sector. The ETF includes the stocks of both public and private sector banks.
• The ETF provides investors an exposure to companies that are among the key players in the banking sector.
• The ETF’s performance is based on the performance of the Nifty Bank Total Return Index (TRI). The underlying index represents the performance of the banking sector.
• Shares of private sector lenders have the highest weightage in the ETF.
• The HDFC Nifty Bank ETF aims to provide investors an easy way to participate in the growth of the banking sector.
• The HDFC Nifty Bank ETF helps investors in investing in multiple bank stocks through a single instrument.

Asset Allocation & Portfolio Composition

As of March 31, 2024, the top 10 equity holdings in the ETF portfolio included stocks from both public and private sector banks. Top 10 holdings:

• HDFC Bank: 29.00 %
• ICICI Bank: 23.73 %
• Axis Bank: 9.19 %
• State Bank of India: 9.14 %
• Kotak Mahindra Bank: 9.11%
• Indusind Bank: 6.92 %
• Bank of Baroda: 3.31 %
• Punjab National Bank: 2.49 %
• The Federal Bank: 2.27 %
• IDFC First Bank: 2.01 %