NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹62.08
0.33%
NAV as on 04 Feb 26, 12:00 AM
very high risk
sectoral banking
equity
NAV as on 04 Feb 26, 12:00 AM
very high risk
sectoral banking
equity
20.87%p.a.
Last 1Y
14.01%p.a.
Last 3Y
11.93%p.a.
Last 5Y
19.58%p.a.
Since Inception
About UTI Nifty Bank ETF for NRIs
NRIs can achieve long-term capital appreciation by investing in the UTI Nifty Bank ETF scheme from UTI Asset Management Company Private Limited. It is a Sectoral-Banking mutual fund scheme that predominantly invests in Sectoral-Banking stocks of companies. Launched on Sep 2020, UTI Nifty Bank ETF is Sectoral-Banking fund of its category with 3,981.04 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Sectoral-Banking funds.
- UTI Nifty Bank ETF delivered 20.9% annual returns during the last year. It has delivered 19.6% average annual returns since the fund was launched.
- UTI Nifty Bank ETF scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The scheme seeks to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Top 10 Holdings
Axis Bank Ltd
9.29%
Bank Of Baroda
3.49%
Canara Bank
3.34%
The Federal Bank Ltd
4.31%
HDFC Bank Ltd
25.14%
ICICI Bank Ltd
20.17%
Indusind Bank Ltd
3.69%
Kotak Mahindra Bank Ltd
9.23%
Punjab National Bank
2.85%
State Bank of India
9.63%
Fund Managers
- Sharwan Kumar Goyal (Aug 2020 - Present)
- Ayush Jain (May 2022 - Present)
Key Information
View Scheme Document
UTI Nifty Bank ETF SIP Calculator
If invested
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For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
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Fixed Deposit
NRI Mutual Fund Tax on UTI Nifty Bank ETF
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in UTI Nifty Bank ETF?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in UTI Nifty Bank ETF
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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