Zerodha BSE Top 10 Banks ETF NFO Closed on 26 Oct: Terms, Allocation and Peers
Key Highlights
Zerodha BSE Top 10 Banks ETF NFO closed 26 Oct 2026. Offer price ₹100, minimum investment ₹1,000. Allocation, benchmark, peer comparison.
Details as of: 29 October 2026
- Opened 12 Oct 2026 and closed 26 Oct 2026
- Offer price: ₹100 per unit
- Minimum investment: ₹1,000
- : Top 10 Banks Index – TRI
- At least 95% must be in Equities & equity related securities covered by BSE Top 10 Banks Index
The Zerodha BSE Top 10 Banks ETF NFO closed on 26 October 2026. This ETF – Index category scheme opened for subscription on 12 October 2026. Investors participated at an offer price of ₹100 per unit. The minimum investment required for the scheme was ₹1,000.
Zerodha BSE Top 10 Banks ETF NFO: key details
| Fund house | Zerodha Mutual Fund |
| Category | ETFs – Index |
| Opens | 12 October 2026 |
| Closes | 26 October 2026 |
| Offer price | ₹100 per unit |
| Minimum investment | ₹1,000 |
| Benchmark | BSE Top 10 Banks Index – TRI |
| Fund managers | Kedarnath Mirajkar |
| Plans | Standard plan, with Growth option |
What the scheme says it will invest in
The scheme states its objective as follows.
The investment objective of the Scheme is to provide returns that are corresponding with the performance of the BSE Top 10 Banks Index TRI, subject to tracking errors. There is no assurance that the investment objective of the scheme will be achieved.
| Where the money goes | Minimum | Maximum |
|---|---|---|
| Equities & equity related securities covered by BSE Top 10 Banks Index | 95% | 100% |
| Debt & Money Market Instruments, cash & cash equivalents | 0% | 5% |
The scheme allocates 95% to 100% of its corpus to equities and equity-related securities covered by the BSE Top 10 Banks Index. It maintains a minimum of 95% in these securities. The remaining 0% to 5% is allocated to debt and money market instruments, cash, and cash equivalents.
How it compares with existing funds
| Fund | NFO period | Assets (₹ crore) | now (Direct Growth) | Change on offer price |
|---|---|---|---|---|
| SBI BSE India Defence ETF | 13 October 2026 – 19 October 2026 | – | – | – |
| ICICI Prudential Nifty Pharma ETF | 12 October 2026 – 19 October 2026 | – | – | – |
| Aditya Birla Sun Life BSE Total Market ETF | 30 September 2026 – 14 October 2026 | – | – | – |
| DSP BSE Insurance ETF | 24 September 2026 – 28 September 2026 | 10 | – | – |
| HDFC FTSE India Equity ETF | 23 September 2026 – 7 October 2026 | – | – | – |
| Zerodha Nifty Next 100 ETF | 21 September 2026 – 5 October 2026 | – | – | – |
| UTI BSE India Sector Leaders ETF | 31 August 2026 – 11 September 2026 | 7 | – | – |
| Axis Nifty Energy ETF | 12 August 2026 – 21 August 2026 | 7 | – | – |
Earlier NFOs in the category include the DSP BSE Insurance ETF, which reported assets of ₹10 crore. Other recent launches such as the UTI BSE India Sector Leaders ETF and Axis Nifty Energy ETF each held assets of ₹7 crore. These funds concluded their offer periods between August and October 2026.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Kedarnath Mirajkar | 15 Years |
Zerodha BSE Top 10 Banks ETF NFO: FAQs
When does the Zerodha BSE Top 10 Banks ETF NFO open and close?
The NFO opens on 12 Oct 2026 and closes on 26 Oct 2026.
What is the minimum investment in the Zerodha BSE Top 10 Banks ETF NFO?
The minimum investment is ₹1,000.
Who manages the Zerodha BSE Top 10 Banks ETF?
The fund is managed by Kedarnath Mirajkar.
Which plans does the Zerodha BSE Top 10 Banks ETF have?
Standard plan, with Growth option.
What does the NFO offer price mean?
The offer price is the price per unit at which units are allotted during the NFO, here ₹100. It is not a measure of value, and the fund has no track record to judge until it has run for some time.
What is the benchmark of the Zerodha BSE Top 10 Banks ETF?
The scheme’s benchmark is the BSE Top 10 Banks Index – TRI.
Scheme terms from the offer documents; fund data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.