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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
About
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 | ManagersSorbh 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
Tracking index Nifty Bank |
Expense Ratio0.12% |
Tracking error NA |
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Investment checklist: (1/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
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Returns
Returns vs Benchmark
Compare the returns of this fund with
NIFTY 50
This ETF
Nifty 50
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BFAM - BANKBETF Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 1 2024 | ₹51.97 | ₹52.22 | |
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 | |
Mon, Oct 28 2024 | ₹51.90 | ₹51.64 | |
Fri, Oct 25 2024 | ₹52.71 | ₹51.18 | -1.56% |
Thu, Oct 24 2024 | ₹52.46 | ₹51.99 | |
Wed, Oct 23 2024 | ₹51.71 | ₹51.55 | -0.25% |
Composition
What's in fund
Name | Holdings |
---|---|
HDFCBANKHDFC Bank Ltd | 28.10% |
ICICIBANKICICI Bank Ltd | 23.81% |
SBINState Bank of India | 9.53% |
KOTAKBANKKotak Mahindra Bank Ltd | 9.37% |
532215Axis Bank Ltd | 9.32% |
INDUSINDBKIndusInd Bank Ltd | 5.68% |
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