ETFEquity ETFVery High

Edelweiss BSE Top 10 Bank ETF

Q: What is the NAV of Edelweiss BSE Top 10 Bank ETF?

As of 05 Oct 2026, the NAV of Edelweiss BSE Top 10 Bank ETF is ₹16.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Edelweiss BSE Top 10 Bank ETF delivered?

Edelweiss BSE Top 10 Bank ETF has returned -5.33% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF charges an expense ratio of 1.95% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF's largest holdings are HDFC Bank Ltd. (30.2%), ICICI Bank Ltd. (22.4%), Kotak Mahindra Bank Ltd. (9.7%), State Bank of India (9.5%) and Axis Bank Ltd. (8.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.2% and its worst peak-to-trough fall in our sample was -6.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF is benchmarked against the BSE Top 10 Bank Total Return Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF is managed by Bhavesh Jain and Manasi Jalgaonkar at Edelweiss.

Q: How is Edelweiss BSE Top 10 Bank ETF taxed?

Edelweiss BSE Top 10 Bank ETF is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Edelweiss Mutual Fund · Best Equity ETFs

NAV

₹16.09

+0.23% 1D

as of 05 Oct 2026

Compare SIP calculator

Performance

-5.33%absolute

52-week rangePrev NAV ₹16.06

Latest ₹16.09

Low ₹15.9910th percentile of its 52-week rangeHigh ₹17.07

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Equity ETF peers to rank yet

RiskLow

Volatility 10.2% vs 16.9% category avg

CostHigh

1.9% expense vs 0.7% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its Equity ETF peers (10.2% vs 16.9%)

Concerns

High expense ratio (1.95%) vs the Equity ETF average of 0.71%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.95%

Category 0.71%▲1.24%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

14.52

Category 20.92▼6.40

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.26

Scheme Info

Definitions

Plan

—

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

—

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Not allowed

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹25,00,00,000

BSE Top 10 Bank Total Return Index

BSE Top 10 Bank TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Aug 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.93%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

-5.33%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

-5.33%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

10.21%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-6.32%

Benchmark ratios (vs Nifty Bank TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Bank TRI

—

Sensitivity to Nifty Bank TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty Bank TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty Bank TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Equity ETF)

Period	Fund	Category avg.	Diff
1M abs	-3.93%	-5.24%	+1.31%
3M abs	—	-3.87%	—
6M abs	—	+5.97%	—
1Y CAGR	—	-0.61%	—
3Y CAGR	—	+11.60%	—
5Y CAGR	—	+9.62%	—

Category average across peers in Equity ETF (72 of 73 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹20.00K

Current value

₹19.61K

Absolute

-1.97%

XIRR

-37.68%

Value vs. invested

ValueInvested

2 monthly installments of ₹10,000 into Edelweiss BSE Top 10 Bank ETF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

1.95%

Portfolio turnover

26%

Exit load

Nil

P/E ratio

14.5

P/B ratio

2.4

Avg market cap

₹7,16,670Cr

P/E & P/B are portfolio-weighted harmonic means across 9 of 10 equity holdings (96% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Equity ETF

Compare all


Edelweiss BSE Top 10 Bank ETFThis fund Edelweiss	—	—	—	—	14.52	1.95%	—
Aditya Birla Sun Life Silver ETF Aditya Birla Sun Life	★★★★☆	+52.36%	+47.61%	—	—	0.35%	₹3,026Cr
Aditya Birla Sun Life Gold ETF Aditya Birla Sun Life	★★★☆☆	+25.55%	+36.41%	+24.84%	—	0.44%	₹2,838Cr
Mirae Asset S&P 500 Top 50 ETF Mirae Asset	★★★★★	+19.24%	+29.33%	+19.90%	—	0.65%	—
Aditya Birla Sun Life Nifty Healthcare ETF Aditya Birla Sun Life	★★★★★	+11.80%	+19.57%	—	41.11	0.20%	₹76.55Cr
Axis NIFTY Healthcare ETF Axis	★★★★★	+11.61%	+19.17%	+12.21%	41.12	0.45%	₹21.69Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap83.4%
Mid cap16.6%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.71%
Cash & Equivalents0.29%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
DSP Nifty Bank Index Fund DSP · Index Funds	79.2%	★★★☆☆	0.27%	—
SBI Nifty Bank Index Fund SBI · Index Funds	79.2%	★★★☆☆	0.33%	—
Nippon India ETF Nifty Bank BeES Nippon India · Other ETFs	79.2%	—	0.20%	+7.95%
Motilal Oswal Nifty Bank Index Fund Motilal Oswal · Index Funds	79.2%	★★★☆☆	0.32%	+7.90%
UTI Nifty Bank ETF UTI · Equity ETF	79.2%	★★☆☆☆	—	+8.03%
ICICI Prudential Nifty Bank Index Fund ICICI Prudential · Index Funds	79.2%	★★★☆☆	0.22%	+7.93%
Nippon India Nifty Bank Index Fund Nippon India · Index Funds	79.2%	★★★☆☆	0.31%	—
Axis Nifty Bank Index Fund Axis · Index Funds	79.2%	★★★☆☆	0.24%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-6.3%06 Aug 2026 → 29 Sep 2026
Still below that high — 2 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Edelweiss Mutual Fund is the asset management arm of the Edelweiss Group. It absorbed JPMorgan's Indian schemes in 2016, and is known for running most of the industry's overseas feeder funds alongside its domestic equity and debt range.

Launched

29 Apr 2008

Total AUM

₹1,70,951Cr+3.2% QoQ

Avg AUM · April - June 2026

Website

edelweissmf.com

Fund Managers

BJBhavesh JainStart date not disclosed

Role

Fund Manager & Co-head, Factor Investing

Education

Master’s in management studies (Finance) from the Mumbai University.

Experience

Mr. Bhavesh Jain has Not a total work applicable, experience of over 17 as the years in the equity scheme is a market segment. He new has been associated scheme. with the AMC for over 14 years. Currently, he is co-head for hybrid and solution funds and manages various schemes of AMC and is a key person. He was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.

Funds managed (40)

All schemes Bhavesh Jain runs →

MJManasi JalgaonkarStart date not disclosed

Education

PGDM in Finance from NMIMS and a Bachelor of Management Studies from S.K. Somaiya College

Experience

Ms. Manasi Subhash Jalgaonkar has experience over a decade in asset management, she joined Edelweiss Asset Management Company in April 2022 as Assistant Fund Manager. She works closely with fund managers to deliver investment insights, with responsibilities spanning fund attribution, peer analysis, IPO research support, compliance coordination, index fund rebalancing, and proxy voting. Prior to this, she was associated with ICICI Prudential AMC, PGIM Mutual Fund, and CMC Ltd, where she gained extensive experience in investment operations, compliance, data management, and cross-functional coordination.

Funds managed (15)

All schemes Manasi Jalgaonkar runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Bhavesh Jain Manasi Jalgaonkar

Top holdings

HDFC Bank Ltd.ICICI Bank Ltd.Kotak Mahindra Bank Ltd.State Bank of India Axis Bank Ltd.The Federal Bank Ltd.IndusInd Bank Ltd.AU Small Finance Bank Ltd.IDFC First Bank Ltd.Bank of Baroda

Edelweiss in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Equity ETFs

Equity ETFs track an equity index and trade on the exchange through the day, so you buy at a market price that can sit slightly above or below the fund's NAV. That is the trade-off against an index fund, which always transacts at NAV but only once a day.

Frequently asked questions

What is the NAV of Edelweiss BSE Top 10 Bank ETF?

As of 05 Oct 2026, the NAV of Edelweiss BSE Top 10 Bank ETF is ₹16.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Edelweiss BSE Top 10 Bank ETF delivered?

Edelweiss BSE Top 10 Bank ETF has returned -5.33% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF charges an expense ratio of 1.95% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF's largest holdings are HDFC Bank Ltd. (30.2%), ICICI Bank Ltd. (22.4%), Kotak Mahindra Bank Ltd. (9.7%), State Bank of India (9.5%) and Axis Bank Ltd. (8.7%). Holdings are disclosed monthly and change over time.

How risky is Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.2% and its worst peak-to-trough fall in our sample was -6.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF is benchmarked against the BSE Top 10 Bank Total Return Index. Its alpha and beta on this page are measured against that index.

Who manages Edelweiss BSE Top 10 Bank ETF?

Edelweiss BSE Top 10 Bank ETF is managed by Bhavesh Jain and Manasi Jalgaonkar at Edelweiss.

How is Edelweiss BSE Top 10 Bank ETF taxed?

Edelweiss BSE Top 10 Bank ETF is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.