UTI Bank ETF is banking sector based open-ended Exchange Traded Fund. It replicates the Nifty Bank Index. Nifty Bank Index tracks the performance of Banking sector In India.

UTI Bank ETF gives the exposure to Nifty Bank Index which represents and tracks the performance of Banking sector in India. You may consider to invest in UTI Bank ETF if you want to take exposure to banking sector at a low cost, transparent manner without worrying about stock selection biases

Investing in UTI Bank ETF is very simple. Investors may approach the stock brokers where they are holding their trading account and buy or sell units of UTI Bank ETFs similar to the way they buy or sell any NSE or BSE listed securities.

Form taxation point, UTI Bank ETF is like any other equity oriented mutual fund scheme. Thus, taxation applicable to equity mutual fund schemes will be applicable to UTI Bank ETF.

ETFs are low cost, transparent and are tradable on the exchanges. ETFs helps in taking advantages of intra day market movements. Bank ETF gives the exposure to Banking sector in India. UTI Bank ETF may be beneficial for investors looking to capture intra day movement of Nifty Bank Index at a low cost and in transparent manner