HDFC Nifty PSU Bank ETF is an exchange-traded fund that seeks to generate returns commensurate with the performance of the Nifty PSU Bank Index (Total Return Index) before fees and expenses, over the long term, subject to tracking error. It provides investors with targeted exposure to public sector undertaking banks in India by investing primarily in the constituent stocks of the index, such as State Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank, and Union Bank of India, which together form the majority of its portfolio. The fund maintains a high allocation to equities in the financial services sector, focusing on government-owned banks that play a crucial role in the country's banking system, offering services like lending, deposits, and financial intermediation. With a low expense ratio and no lock-in period, HDFC Nifty PSU Bank ETF serves as a cost-efficient vehicle for those seeking passive investment in the PSU banking segment. Launched in 2024, it enables intraday trading and aims to replicate the index's movements closely, making it suitable for investors interested in the performance of state-controlled financial institutions within India's dynamic economy.