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Bajaj Asset Management Limited (formerly Bajaj Finserv Asset Management Limited) launches Bajaj Finserv BSE Top 10 Banks Exchange Traded Fund (ETF). The open ended ETF is designed to track the performance of the BSE Top 10 Banks Total Return Index (TRI). The New Fund Offer (NFO) opens on July 13, 2026, and closes on July 15, 2026.

As India's banking sector continues to strengthen on the back of healthy credit growth and improving fundamentals, the ETF seeks to offer investors a convenient and cost-effective access to some of the country's largest and most influential banks.

The fund comprises of the ten largest banks from the BSE 500 universe based on free-float market capitalisation. The index is rebalanced semi-annually, with individual stock weights capped at 33% and the combined weight of the top three constituents capped at 63%, within the banking sector while retaining exposure to its largest players. The ETF will be listed on domestic stock exchanges, offering investors high liquidity and the flexibility to trade units during market hours.

Speaking on the fund's launch, Ganesh Mohan, Managing Director, Bajaj Asset Management Ltd., said, “Our goal has always been simple – to make it easier for investors to access straightforward, cost-efficient products that fit their needs. The Bajaj Finserv BSE Top 10 Banks ETF builds on that journey, giving people a transparent, exchange-traded way to participate in the growth of India’s leading banks.

Banking continues to be a backbone of India’s economic story. We believe this ETF will appeal to investors who want focused, passive exposure to a sector that matters deeply to the country’s future”.

Adding to this, Nimesh Chandan, Chief Investment Officer, Bajaj Asset Management Limited highlighted, “The BSE Top 10 Banks Index is designed to capture the performance of India's leading banking institutions through a focused and rules-based portfolio. Through the ETF structure, investors can access this segment of the market in a transparent and cost-efficient manner, while benefiting from intraday liquidity and the convenience of exchange-based trading."

The Bajaj Finserv BSE Top 10 Banks ETF will be managed by Mr. Ilesh Savla, Senior Equity Dealer and Fund Manager, Bajaj Asset Management Limited, and carries a Very High risk classification. The minimum investment during the NFO period is Rs 500 per application and in multiples of Re. 1 thereafter. There is no entry or exit load. 

Bajaj Finserv BSE Top 10 Banks ETF

(An open ended scheme tracking BSE Top 10 Banks Total Return Index)

This product is suitable for investors who are seeking*:

Wealth creation over long term

An exchange traded fund that seeks to provide returns that correspond to the returns provided by BSE Top 10 Banks Index, subject to tracking error

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when the actual investments are made. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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