BFAM - BANKBETF

About Bajaj Finserv Nifty Bank ETF

• Bajaj Finserv Nifty Bank ETF is an open-ended value-oriented equity scheme that belongs to Bajaj Finserv Mutual Fund House.
• It is mandated to invest at least 80% of its assets in the shares of bank and financial services companies.
• Sorbh Gupta and Ilesh Savla are the fund managers.
• It was launched on January 15, 2024.
• Bajaj Finserv Nifty Bank ETF has assets under management (AUM) that stood at ₹160.01 crore as of June 30, 2024.
• Bajaj Finserv Nifty Bank ETF is traded on both stock exchanges, which enables investors to trade at market price during each session.
• The ETF units can be bought and sold through a demat account with a registered broker.

Investment Objective & Benchmark

• The fund's investment objective is to provide returns replicating the performance of the underlying index.
• It is benchmarked against NIFTY BANK TRI.
• The scheme is managed passively with investments in stocks in proportion to the weights of these stocks in the Nifty Bank Index.
• The banking sector in India is expected to grow at a stable pace with increasing need of borrowing amidst the growth in the Indian economy.
• Banks adhere to a strongest regulatory policy, ensuring investors’ safety from fraud.
• A very high-risk instrument, the fund is suitable for investors with a time horizon of 3 years and above.

Asset Allocation & Portfolio Composition

• The fund's asset allocation comprises around 99.59% in equities and 0.41% in cash & cash equivalents.
• The fund invests majorly in giant and large cap companies.
• The top 10 company holdings make up 96.7% of the fund’s asset allocation.

The top 10 holdings in stocks of Bajaj Finserv Nifty Bank ETF include:

• HDFC Bank Ltd.: 28.29%
• ICICI Bank Ltd.: 23.38%
• Kotak Mahindra Bank Ltd.: 10.13%
• State Bank Of India: 10.09%
• Axis Bank Ltd.: 9.96%
• Indusind Bank Ltd.: 5.51%
• Bank Of Baroda: 2.83%
• Federal Bank Ltd.: 2.39%
• AU Small Finance Bank Ltd.: 2.13%
• Punjab National Bank: 2.08%

The fund invests entirely in companies in the financial services sector.

Since its inception, this ETF has given returns of 15.9% as of July 16, 2024.