Bajaj Nifty 50 ETF

About Bajaj Finserv Nifty 50 ETF

• Bajaj Finserv Nifty 50 ETF is an open-ended value-oriented equity scheme that belongs to Bajaj Finserv Mutual Fund House.
• It invests in large-cap stocks, typically considered stable and less volatile.
• Sorbh Gupta and IIesh Savla are the fund managers of the Bajaj Finserv Nifty 50 ETF.
• Bajaj Finserv Nifty 50 ETF was launched on January 15, 2024.
• The expense ratio is 0.04%.
• Bajaj Finserv Nifty 50 ETF’s assets under management (AUM) stood at ₹59.4 crore as of June 30, 2024.
• The ETF is traded on the National Stock Exchange (NSE), which enables investors to trade at market price during each session.
• As the ETF units are listed on the NSE, BSE one can invest by buying the units through a demat account.

Investment Objective & Benchmark

• The fund's investment objective is to provide returns mirroring the performance of stocks in the underlying index..
• It is benchmarked against the Nifty 50 Total Return Index which represents important sectors of the economy.
• The ETF includes stocks of the top 50 companies in India based on market capitalisation.
• Since the investment is predominantly in big companies, the ETF limits investors’ exposure to risk associated with smaller firms.
• It is a passively managed investment, which aims to track the index performance, not try to beat the market.

Asset Allocation & Portfolio Composition

• The asset allocation of Bajaj Finserv Nifty 50 ETF comprises around 99.55% in equities and 0.45% in cash & cash equivalents.
• Top 10 company holdings constitute 56.40% of the ETF's asset allocation.

The top 10 Holdings in stocks of Bajaj Finserv Nifty 50 ETF include:

• HDFC Bank: 11.90%
• Reliance Industry: 9.94%
• ICICI Bank: 7.92%
• Infosys: 5.31%
• Laser & turbo: 3.89%
• TCS: 3.71%
• ITC: 3.68%
• Bharti Airtel: 3.62%
• Axis Bank: 3.37%
• SBI: 3.06%

Top 4 sector-wise allocations in this fund;

• Financial Services: 32.45%
• Information Technology: 14.46%
• Oil, Gas & Consumable Fuels: 12.99%
• Fast Moving Consumer Goods: 8.33%

Since its inception, Bajaj Finserv Nifty 50 ETF has given returns of 13.97%.