Fundalysisby DARKHORSESTOCKS

Scheme

HDFC Nifty PSU Bank ETF

Holds 12 companies worth ₹55.1 Cr in Sept 2026.

  • Fund house

    HDFCThe fund house that runs this scheme.

  • AUM

    ₹55.1 CrHDFC Nifty PSU Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 8.4% on Aug 2026, ₹60.1 Cr.

  • Largest holding

    State Bank of IndiaState Bank of India is 33.3% of this scheme's NAV.

  • Fund manager

    Abhishek MorRuns it since 31 Jan 2024, as the fund house dates it. With Arun Agarwal (co-manager).

Overview(8 Oct 2026)

Fund managers2

  1. Abhishek MorFund manager · Jan 2024 · 7y · CA B.Com
  2. Arun AgarwalCo-manager · Jan 2024 · 25y · CA B.Com

    Key facts

    Benchmark
    NIFTY PSU Bank Index (TRI)
    Risk
    Very High
    Expense
    Regular 0.28% · Direct 0%
    Exit load
    Nil
    Started
    31 Jan 2024
    Minimum
    On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples thereof at prices which are quoted on the exchanges. B. Directly with the Fund: Market Makers and Large Investors* may approach the Fund directly for subscription of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. *The minimum application amount for Large Investors shall be Rs. 25 Crores (apart from the requirement of the application being in multiples of Creation Unit Size). Each Creation Unit Size will consist of 10,000 Units of the ETF and 1 Unit of the ETF will be approximately equal to 1/100th of the value of NIFTY PSU Bank Index (TRI). For details, refer Scheme Information Document (SID) available on the website.

    Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

    What changed(3 changes)

    Sept 2026

    1 change
    1. Expense ratio
      14 SeptRegular 0.26% → 0.29%

    Aug 2026

    1 change
    1. Expense ratio
      13 AugRegular 0.35% → 0.26%

    Jul 2026

    1 change
    1. Renamed
      14 JulHDFC NIFTY PSU BANK ETF → HDFC NIFTY PSU BANK ETF BSE Scrip Code: 544110 / NSE Symbol: HDFCPSUBK

    Source.Its filings at NSE, since Sept 2024.

    Fund managers over time(Jan 2024 – now)

    1. Abhishek Mor
    2. Arun Agarwal
    MainCoSlice20252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Sept 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    3 changesRegularDirectΔ pt
    14 Sept 20260.29%0.00%0
    13 Aug 20260.26%0.00%0
    15 Sept 20240.35%0.00%–
    Direct plan, 14 Sept 2026
    0.00%
    Regular plan 0.29% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(8 Oct 2026)

    Objective

    The investment objective of the Scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the HDFC NIFTY PSU Bank Index (TRI), over long term, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open ended scheme replicating/tracking NIFTY PSU Bank Index (TRI)
    Benchmark
    NIFTY PSU Bank Index (TRI)

    Asset allocation it may hold% of NAV

    1. Securities covered by NIFTY PSU Bank Index(TRI)
      Allowed95–100%
    2. Debt Securities & Money Market Instruments, units of Debt Schemes of Mutual Funds@
      Allowed0–5%

    Holds in Sept 2026.100.0% equity

    How to invest(8 Oct 2026)

    Buying

    To start
    On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples thereof at prices which are quoted on the exchanges. B. Directly with the Fund: Market Makers and Large Investors* may approach the Fund directly for subscription of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. *The minimum application amount for Large Investors shall be Rs. 25 Crores (apart from the requirement of the application being in multiples of Creation Unit Size). Each Creation Unit Size will consist of 10,000 Units of the ETF and 1 Unit of the ETF will be approximately equal to 1/100th of the value of NIFTY PSU Bank Index (TRI). For details, refer Scheme Information Document (SID) available on the website., then re. 1
    Systematic
    SIP, SWP, STP: Not Applicable
    Dates
    SIP, SWP, STP: Not Applicable
    Minimum
    SIP, SWP, STP: Not Applicable, then sIP, SWP, STP: Not Applicable
    Instalments
    SIP, SWP, STP: Not Applicable
    Most
    SIP, SWP, STP: Not Applicable

    Selling and switching

    To redeem
    On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can redeem (sell) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the Fund: Market Makers and Large Investors may approach the Fund directly for redemption of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. Each Creation Unit Size will consist of 10,000 Units of the ETF and 1 Unit of the ETF will be approximately equal to 1/100th of the value of NIFTY PSU Bank Index (TRI). For details, refer Scheme Information Document (SID) available on the website. or No minimum redemption criterion for Unit based redemption units
    Minimum balance
    There is no minimum balance amount requirement. or There is no minimum balance amount in units requirement. units
    Switch most
    Switch in: Not Applicable Switch out: Not applicable. or Switch in: Not Applicable Switch out: Not applicable. units

    Scheme details(8 Oct 2026)

    What it is

    Category
    Exchange Traded Fund
    Offer
    12 Jan 2024 to 25 Jan 2024
    Started
    31 Jan 2024
    Reopened
    7 Feb 2024
    Face value
    The Face Value of each unit will be approximately 1/100th Value of Underlying Index as on date of Allotment of Units for the New Fund Offer. On allotment, value of each unit will be approximately equal to 1/100th of the value of NIFTY PSU Bank Index (TRI).
    Listed
    Listed on the Capital Market Segment of the NSE and BSE

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    SBI-SG Global Securities Services Private Limited (SBI-SG)
    Auditor
    S.R. Batliboi & Co. LLP – Chartered Accountants
    Registrar
    Computer Age Management Services Limited
    SEBI code
    HDFC/O/O/EET/23/10/0130