Edelweiss BSE Top 10 Bank ETF vs SBI Nifty Bank Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Edelweiss BSE Top 10 Bank ETF is an ETF fund and SBI Nifty Bank Index Fund is a mutual fund. Edelweiss BSE Top 10 Bank ETF charges 1.20% a year and SBI Nifty Bank Index Fund 0.32%. Their portfolios overlap 78.6%: they hold 10 of the same securities.
Which is better, Edelweiss BSE Top 10 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 costs less: 0.32% a year against 1.20%.
- Edelweiss BSE Top 10 Bank ETF fell less in its worst fall since 03-08-2026: −6.5% against −7.4%.
- SBI Nifty Bank Index is the larger fund: ₹199 Cr against ₹15 Cr.
- Their portfolios overlap 78.6%: 10 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 | Edelweiss BSE Top 10 Bank ETF | SBI Nifty Bank Index Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | SBI Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹15 Cr (30-09-2026) | ₹199 Cr (30-09-2026) |
| NAV | ₹16.19 | ₹10.98 (Direct) |
| Expense ratio (Direct) | Not available | 0.32% |
| Expense ratio (Regular) | Not available | 0.75% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Top 10 Banks TRI | Not available |
| Launch date | 31-07-2026 | Not available |
| Minimum investment | ₹25,00,00,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Bhavesh Jain, Manasi Jalgaonkar | Not available |
| Exit load | Nil | Not available |
Edelweiss BSE Top 10 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss BSE Top 10 Bank ETF | +0.68% | -- | -- | -- | -- | -- | -- |
| SBI Nifty Bank Index Fund (Direct) | +0.08% | −4.22% | +0.16% | −5.31% | -- | -- | -- |
Edelweiss BSE Top 10 Bank ETF vs SBI Nifty Bank Index: Year-wise Returns
| Year | Edelweiss BSE Top 10 Bank ETFEdelweiss BSE Top 10 Bank ETF | SBI Nifty Bank IndexSBI Nifty Bank Index |
|---|---|---|
| 2026to date | -- | −7.73% |
Edelweiss BSE Top 10 Bank ETF vs SBI Nifty Bank Index: Rolling Returns
Every holding period of both funds, against BSE Top 10 Banks TRI, the benchmark of Edelweiss BSE Top 10 Bank ETF
Edelweiss BSE Top 10 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 | Edelweiss BSE Top 10 Bank ETF | SBI Nifty Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −18.27% | +6.71% |
| Standard deviation | 11.87% | 15.29% |
| Sharpe ratio | -1.98 | 0.08 |
| Sortino ratio | -2.62 | 0.12 |
| Maximum drawdown | −6.5% (27-10-2026) | −18.3% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.12% | −0.21% |
From daily NAVs, 03-08-2026 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.
Edelweiss BSE Top 10 Bank ETF
SBI Nifty Bank Index Fund (Direct)
BSE Top 10 Banks TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss BSE Top 10 Bank ETF | −6.5% | 06-08-2026 | 27-10-2026 | Not yet | -- | −5.1% |
| SBI Nifty Bank Index Fund (Direct) | −7.4% | 03-08-2026 | 27-10-2026 | Not yet | -- | −6.1% |
| BSE Top 10 Banks TRI | −6.5% | 06-08-2026 | 27-10-2026 | Not yet | -- | −5.1% |
From daily values since 03-08-2026, the first day every fund has.
Edelweiss BSE Top 10 Bank ETF vs SBI Nifty Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss BSE Top 10 Bank ETF, September 2026; SBI Nifty Bank Index Fund, September 2026
Holdings in common
- Overlap
- 78.6%
- Held by both
- 10
- Only in Edelweiss BSE Top 10 Bank ETF
- 0
- Only in SBI Nifty Bank Index
- 4
| Security | % of Edelweiss BSE Top 10 Bank ETF | % of SBI Nifty Bank Index |
|---|---|---|
| HDFC Bank Ltd. | 32.06% | 18.62% |
| ICICI Bank Ltd. | 22.15% | 14.18% |
| Kotak Mahindra Bank Ltd. | 9.79% | 10.20% |
| Axis Bank Ltd. | 9.61% | 10.06% |
| State Bank of India | 9.32% | 9.93% |
| The Federal Bank Ltd. | 4.59% | 6.56% |
| IndusInd Bank Ltd. | 3.43% | 4.97% |
| AU Small Finance Bank Ltd. | 3.34% | 4.85% |
| IDFC First Bank Ltd. | 3.16% | 4.54% |
| Bank of Baroda | 2.51% | 3.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 78.6% means 78.6% 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 Edelweiss BSE Top 10 Bank ETF
Every holding of this fund is also held by the other.
Largest holdings only in SBI Nifty Bank Index Fund
| Security | % of fund |
|---|---|
| Canara Bank | 3.37% |
| Punjab National Bank | 3.27% |
| Yes Bank Ltd. | 3.01% |
| Union Bank of India | 2.86% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss BSE Top 10 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 | Edelweiss BSE Top 10 Bank ETF | SBI Nifty Bank Index |
|---|---|---|
| Large Cap | 85.4% | 76.1% |
| Mid Cap | 14.5% | 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 | Edelweiss BSE Top 10 Bank ETF | SBI Nifty Bank Index |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss BSE Top 10 Bank ETF vs SBI Nifty Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss BSE Top 10 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) | 0.10% | 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.
Edelweiss BSE Top 10 Bank ETF vs SBI Nifty Bank Index Fund: Frequently Asked Questions
What is the difference between Edelweiss BSE Top 10 Bank ETF and SBI Nifty Bank Index Fund?
Edelweiss BSE Top 10 Bank ETF is an ETF fund, SBI Nifty Bank Index Fund is a mutual fund, run by Edelweiss Mutual Fund and SBI Mutual Fund. Their portfolios overlap 78.6%. Edelweiss BSE Top 10 Bank ETF charges 1.20% a year and SBI Nifty Bank Index Fund 0.32%.
Which has the lower expense ratio, Edelweiss BSE Top 10 Bank ETF or SBI Nifty Bank Index Fund?
SBI Nifty Bank Index Fund charges less: 0.32% a year against 1.20%. These are the total expense ratios reported to AMFI.
How much do Edelweiss BSE Top 10 Bank ETF and SBI Nifty Bank Index Fund overlap?
78.6%. They hold 10 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both Edelweiss BSE Top 10 Bank ETF and SBI Nifty Bank Index Fund?
Yes. 78.6% 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.