Aditya Birla Sun Life AMC launches BSE Top 10 Banks ETF

Aditya Birla Sun Life AMC, a leading asset manager, has launched BSE Top 10 Banks ETF, an open-ended exchange traded fund designed to replicate the BSE Top 10 Banks Total Return Index.

The ETF aims to provide investors with focused exposure to India’s 10 largest and most systemically important banks, spanning both private and public sector institutions.

The underlying index selects constituents from the BSE 500 universe based on free-float market capitalisation, offering a high-conviction play on the Indian banking sector – a segment that accounts for nearly two-thirds of the country’s financial system assets and has demonstrated strong balance sheet resilience and earnings momentum over recent years.

Structured as a non–F&O compliant index, the BSE Top 10 Banks TRI is not subject to the revised derivatives-related capping constraints, enabling relatively lower stock-level dispersion compared to other banking indices.

The ETF is designed for investors seeking long-term capital growth, transparent index replication and a cost-efficient way to participate in India’s banking-led growth story.

The fund will be listed on domestic stock exchanges, allowing investors to buy and sell units during market hours. The New Fund Offer closes on February 25.

Published on February 23, 2026