Zerodha CASE BSE Top 10 Banks ETF
An ETF that tracks the core of the Indian banking sector
Returns
N/AAUM
₹5Cr
Risk
Very High
iNAV
Ideal for
About the fund
The Zerodha BSE Top 10 Banks ETF is an exchange-traded fund (ETF) that aims to track the performance of the BSE Top 10 Banks Index. It gives you access to some of India's largest banking companies by market cap, providing exposure to a basket of banking stocks through a single investment.
The Zerodha BSE Top 10 Banks ETF is an exchange-traded fund (ETF) that aims to track the performance of the BSE Top 10 Banks Index. It gives you access to some of India's largest banking companies by market cap, providing exposure to a basket of banking stocks through a single investment.
The Indian banking sector plays an important role in the country's economic system by mobilising savings and channelling credit efficiently to households, businesses, and infrastructure. Banks are the primary channel of financial intermediation supporting economic growth, investment activity, and overall financial stability.
This ETF may be suitable for investors with a long-term investment horizon who are willing to go beyond their core portfolio with a banking sector focused allocation.
Once listed, you can buy and sell units of the Zerodha BSE Top 10 Banks ETF during market hours through your preferred stock broker using a demat account.
Past Performance
Tax Implication
Investment period <= 1 year
Gains/profits are treated as short-term capital gains & taxed at 20% (plus 4% cess and surcharge, if any).
Investment period > 1 year
Gains/profits are treated as long-term capital gains and are tax-free upto ₹1.25 lakhs in a financial year. Gains above ₹1.25 Lakhs in a financial year are taxed at 12.5% (plus 4% cess and surcharge, if any).
Please consult your tax advisor before investing in view of the individual nature of the implications.
| Top Holdings | Weightage (%) |
|---|---|
| HDFC Bank Limited | 31.77 % |
| ICICI Bank Limited | 22.80 % |
| Kotak Mahindra Bank Limited | 10.28 % |
| Axis Bank Limited | 9.22 % |
| State Bank of India | 9.06 % |
| The Federal Bank Limited | 4.62 % |
| Indusind Bank Limited | 3.15 % |
Fund Manager
Kedar has an experience of 19 years in financial markets, across multiple roles at Aditya Birla Sunlife AMC Ltd (ABSLAMC), including fund management for passive products, where he managed 13 ETFs and Index Funds in equity & commodity. Kedar's belief in his own words is - "Passive investing uses the collective intelligence of the market instead of manually picking stocks and works for most investors."
Downloads
Riskometer
Riskometer of the scheme
Riskometer of the scheme
Riskometer of the benchmark - BSE TOP 10 BANKS Index TRI
This product is suitable for investors who are seeking*:
- Long term capital growth
- Investment in equity and equity related securities covered by BSE TOP 10 BANKS Index
Investors should understand that their principal will be at Very High Risk
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Other Funds
Frequently Asked Questions
Fund Overview
The Zerodha BSE Top 10 Banks ETF is an exchange traded fund that aims to track the performance of the BSE Top 10 Banks index.
During the NFO, you can start investing in the Zerodha BSE Top 10 Banks ETF with an amount of ₹1000 and in multiples of '₹1000' thereafter. Once listed, investors can purchase the units through the secondary market on any trading day for a minimum lot of 1 unit on the exchange(s) where the units of the ETF scheme are listed.
Investment Philosophy
No, it holds only 10 banks. The ETF aims to track the performance of the largest 10 stocks based on Free Float Market capitalization in the Bank Industry.
The Zerodha BSE Top 10 Banks ETF is suitable for investors with a long-term investment horizon.
Mode Of Investing
The NFO will be live on Coin by Zerodha and MyCAMS.
However, once listed the ETF will be available on major stock broking platforms.