IDFC AMC - IDFNIFTYET

About Bandhan NIFTY50 ETF

• Bandhan NIFTY50 ETF is an exchange traded fund (ETF) that tracks the NIFTY50 index.
• Launched in October 2016, the ETF aims to provide returns that closely correspond to the total return of the underlying index NIFTY50, subject to tracking errors.
• Bandhan NIFTY50 ETF is a fund that invests in large companies.
• The ETF symbol on the NSE is IDFNIFTY ET.
• The ETF’s monthly average assets under management (AUM) stood at ₹22.86 crore (as of May 31, 2024).
• Bandhan NIFTY50 ETF's expense ratio is 0.09%.
• Nemish Sheth has been managing the Bandhan NIFTY50 ETF since November 2021.
• The net asset value (NAV) of the ETF stood at ₹266.98 per unit as on July 16, 2024.
• Bandhan NIFTY50 ETF is 7 years 9 months old and has delivered 15.68% returns since inception. If we see its 1 year return, the ETF has grown by 26.52%. In 3 years, the fund has given annualised return of 16.88% and 17.10% in the last five years.

Investment Objective & Benchmark

• Bandhan NIFTY50 ETF, benchmarked against NIFTY 50, could be suitable for investors seeking a passive, long-term investment option.
• Since NIFTY50 ETFs invest in the top 50 companies in India in terms of market capitalisation, they have the potential to provide substantial returns in the long run.
• Staying invested in Bandhan NIFTY50 ETF for 5 years or more can give gains that comfortably beat the inflation as well as returns of fixed-income options.
• The investors should note that the ETF has been categorised as ‘very high risk’ instrument.

Asset Allocation & Portfolio Composition

• As of 30 June 2024, Bandhan NIFTY50 ETF had invested 99.57% of funds in equity, 0.43% in cash and cash equivalents.
• Bandhan NIFTY50 ETF has a diversified portfolio allocation across various sectors like banks, financial services, technology, energy, utilities, consumer discretionary and materials, industrials and healthcare.

Industry wise allocations

The banking industry holds the largest allocation in the ETF portfolio followed by Information Technology, petroleum products, automobiles and diversified FMCG sectors, as of May 31, 2024.

Top 5 industry allocations:

• Banking- 29%
• IT-Software- 12%
• Petroleum products- 10%
• Automobiles- 8%
• Diversified FMCG- 6%

Top 10 holdings in Bandhan NIFTY 50 ETF:

• HDFC Bank: 11.56%
• Reliance Industries Ltd - 9.71%
• ICICI Bank - 7.9%
• Infosys - 5.04%
• Larsen &Toubro – 4.35%
• ITC Ltd- 3.79%
• TCS Ltd - 3.73%
• Bharti Airtel - 3.58%
• Axis Bank - 3.31%
• SBI - 3.2%