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BFAM - BANKBETF

BANKBETF

₹52.17+₹0.20 (0.38%) TodayLast updated on 01 Nov, 2024 | 18:59 IST

BFAM - BANKBETF Chart

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  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹51.97
Close
₹51.97
Volume
10,538
Avg. traded
₹52.34
Circuit range
₹41.44 - ₹62.17
Day range
₹51.86 - ₹53.47
Year range
₹41.51 - ₹62.13
AUM
₹376.80 Cr

Managers

Sorbh Gupta, +1 more
Launch Date
19 Jan 2024
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.

Key indicators

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Tracking index
Nifty Bank

Expense Ratio

0.12%
Tracking error
NA

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Investment checklist: (1/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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Entry Point

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Returns

Returns vs Benchmark
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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BFAM - BANKBETF Price history

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DayOpenCloseChange %
Fri, Nov 1 2024
₹51.97
₹52.22
+0.48%
Thu, Oct 31 2024
₹53.25
₹51.97
-0.55%
Wed, Oct 30 2024
₹52.38
₹52.26
-0.53%
Tue, Oct 29 2024
₹51.64
₹52.54
+1.74%
Mon, Oct 28 2024
₹51.90
₹51.64
+0.90%
Fri, Oct 25 2024
₹52.71
₹51.18
-1.56%
Thu, Oct 24 2024
₹52.46
₹51.99
+0.85%
Wed, Oct 23 2024
₹51.71
₹51.55
-0.25%

Frequently asked questions