Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life NIFTY Bank ETF is an ETF fund and SBI Nifty Bank Index Fund is a mutual fund. In the year to 30-10-2026, Aditya Birla Sun Life NIFTY Bank ETF returned −5.3% and SBI Nifty Bank Index Fund (Direct) returned −5.3%. Aditya Birla Sun Life NIFTY Bank ETF charges 0.16% a year and SBI Nifty Bank Index Fund 0.32%. Their portfolios overlap 100.0%: they hold 14 of the same securities.
Aditya Birla Sun Life NIFTY Bank ETF
ETF
- 1 year return
- −5.3%
- Expense ratio
- 0.16%
- NAV
- ₹56.13
Which is better, Aditya Birla Sun Life NIFTY Bank ETF or SBI Nifty Bank Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Nifty Bank Index returned more over 1 year: −5.3% against −5.3%.
- Aditya Birla Sun Life NIFTY Bank ETF costs less: 0.16% a year against 0.32%.
- SBI Nifty Bank Index fell less in its worst fall since 12-02-2025: −18.3% against −18.4%.
- Aditya Birla Sun Life NIFTY Bank ETF is the larger fund: ₹2,356 Cr against ₹199 Cr.
- Their portfolios overlap 100.0%: 14 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life NIFTY Bank ETF | SBI Nifty Bank Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | SBI Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹2,356 Cr (30-09-2026) | ₹199 Cr (30-09-2026) |
| NAV | ₹56.13 | ₹10.98 (Direct) |
| Expense ratio (Direct) | Not available | 0.32% |
| Expense ratio (Regular) | Not available | 0.75% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Bank TRI | Not available |
| Launch date | 23-10-2019 | Not available |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Authorized Participants and Large Investors. - Units of scheme may be subscribed to / redeemed only i | Not available |
| Lock in | None | Not available |
| Fund managers | Priya Sridhar, Mehul Dama | Not available |
| Exit load | Nil | Not available |
Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life NIFTY Bank ETF | +0.09% | −4.19% | +0.23% | −5.34% | +8.95% | +7.59% | -- |
| SBI Nifty Bank Index Fund (Direct) | +0.08% | −4.22% | +0.16% | −5.31% | -- | -- | -- |
Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index: Year-wise Returns
| Year | Aditya Birla Sun Life NIFTY Bank ETFAditya Birla Sun Life NIFTY Bank ETF | SBI Nifty Bank IndexSBI Nifty Bank Index | Nifty Bank TRI |
|---|---|---|---|
| 2026to date | −7.77% | −7.73% | −7.61% |
| 2025 | +17.88% | -- | +18.08% |
| 2024 | +6.04% | -- | +6.26% |
| 2023 | +13.15% | -- | +13.29% |
| 2022 | +21.85% | -- | +22.14% |
| 2021 | +13.71% | -- | +13.90% |
Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 176 of them, one for each trading day from 12-02-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life NIFTY Bank ETF
SBI Nifty Bank Index Fund (Direct)
Nifty Bank TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life NIFTY Bank ETF | 26.1 | 47.2 | 11.9 | 3.4 | 2.8 | 5.7 | 2.8 | 4.5% | 2.6% | −6.7% | 26.6% | 0% |
| SBI Nifty Bank Index | 26.0 | 46.3 | 12.4 | 3.4 | 2.8 | 5.6 | 3.4 | 4.7% | 2.7% | −6.7% | 26.5% | 0% |
| Nifty Bank TRI | 25.0 | 46.0 | 14.2 | 3.4 | 2.8 | 4.0 | 4.5 | 4.7% | 2.8% | −6.5% | 26.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Bank TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 12-02-2025. Past returns do not promise future returns.
Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life NIFTY Bank ETFAditya Birla Sun Life NIFTY Bank ETF | ₹2,10,000 | ₹2,08,843 | −₹1,157 | −0.6% |
| SBI Nifty Bank IndexSBI Nifty Bank Index Fund (Direct) | ₹2,10,000 | ₹2,08,817 | −₹1,183 | −0.6% |
Aditya Birla Sun Life NIFTY Bank ETFAditya Birla Sun Life NIFTY Bank ETF
SBI Nifty Bank IndexSBI Nifty Bank Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life NIFTY Bank ETF | SBI Nifty Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.34% | −5.31% |
| Standard deviation | 16.98% | 16.97% |
| Sharpe ratio | -0.62 | -0.62 |
| Sortino ratio | -0.86 | -0.86 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.3% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.20% | −0.18% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life NIFTY Bank ETF | SBI Nifty Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.82% | +6.71% |
| Standard deviation | 22.94% | 15.29% |
| Sharpe ratio | 0.20 | 0.08 |
| Sortino ratio | 0.28 | 0.12 |
| Maximum drawdown | −48.1% (23-03-2020) | −18.3% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.24% | −0.21% |
From daily NAVs, 24-10-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life NIFTY Bank ETF
SBI Nifty Bank Index Fund (Direct)
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life NIFTY Bank ETF | −18.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −10.7% |
| SBI Nifty Bank Index Fund (Direct) | −18.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −10.7% |
| Nifty Bank TRI | −18.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 12-02-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life NIFTY Bank ETF
SBI Nifty Bank Index Fund (Direct)
Nifty Bank TRI
Against Nifty Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life NIFTY Bank ETF | 100% | 100% | 0.03% |
| SBI Nifty Bank Index Fund (Direct) | 99% | 100% | 0.09% |
From month-end values since 12-02-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life NIFTY Bank ETF, September 2026; SBI Nifty Bank Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 14
- Only in Aditya Birla Sun Life NIFTY Bank ETF
- 0
- Only in SBI Nifty Bank Index
- 0
| Security | % of Aditya Birla Sun Life NIFTY Bank ETF | % of SBI Nifty Bank Index |
|---|---|---|
| HDFC Bank Ltd. | 18.61% | 18.62% |
| ICICI Bank Ltd. | 14.18% | 14.18% |
| Kotak Mahindra Bank Ltd. | 10.20% | 10.20% |
| Axis Bank Ltd. | 10.05% | 10.06% |
| State Bank of India | 9.92% | 9.93% |
| The Federal Bank Ltd. | 6.56% | 6.56% |
| IndusInd Bank Ltd. | 4.97% | 4.97% |
| AU Small Finance Bank Ltd. | 4.85% | 4.85% |
| IDFC First Bank Ltd. | 4.54% | 4.54% |
| Bank of Baroda | 3.59% | 3.59% |
| Canara Bank | 3.37% | 3.37% |
| Punjab National Bank | 3.27% | 3.27% |
| Yes Bank Ltd. | 3.01% | 3.01% |
| Union Bank of India | 2.86% | 2.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life NIFTY Bank ETF
Every holding of this fund is also held by the other.
Largest holdings only in SBI Nifty Bank Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life NIFTY Bank ETF | SBI Nifty Bank Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.0% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life NIFTY Bank ETF | SBI Nifty Bank Index |
|---|---|---|
| Large Cap | 76.1% | 76.1% |
| Mid Cap | 23.9% | 23.9% |
| Small Cap | 0.0% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life NIFTY Bank ETF | SBI Nifty Bank Index |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life NIFTY Bank ETF | SBI Nifty Bank Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.32% |
| Base expense ratio (Direct) | 0.00% | 0.18% |
| Total expense ratio (Regular) | Not available | 0.75% |
| Base expense ratio (Regular) | 0.12% | 0.54% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Aditya Birla Sun Life NIFTY Bank ETF vs SBI Nifty Bank Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life NIFTY Bank ETF and SBI Nifty Bank Index Fund?
Aditya Birla Sun Life NIFTY Bank ETF is an ETF fund, SBI Nifty Bank Index Fund is a mutual fund, run by Aditya Birla Sun Life Mutual Fund and SBI Mutual Fund. Their portfolios overlap 100.0%. Aditya Birla Sun Life NIFTY Bank ETF charges 0.16% a year and SBI Nifty Bank Index Fund 0.32%.
Which has given higher returns, Aditya Birla Sun Life NIFTY Bank ETF or SBI Nifty Bank Index Fund?
Over 1 year: Aditya Birla Sun Life NIFTY Bank ETF −5.34%, SBI Nifty Bank Index Fund −5.31%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life NIFTY Bank ETF or SBI Nifty Bank Index Fund?
Aditya Birla Sun Life NIFTY Bank ETF charges less: 0.16% a year against 0.32%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life NIFTY Bank ETF and SBI Nifty Bank Index Fund overlap?
100.0%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both Aditya Birla Sun Life NIFTY Bank ETF and SBI Nifty Bank Index Fund?
Yes. 100.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.