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NIP ETF Bank Bees
BANKBEES
₹526.62-₹3.82 (-0.72%) TodayLast updated on 04 Nov, 2024 | 10:41 IST
NIP ETF Bank Bees Chart
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Fund overview
About
Open ₹533.00 | Close ₹530.44 | Volume 1,27,674 | Avg. traded ₹527.34 |
Circuit range ₹422.68 - ₹634.03 | Day range ₹526.12 - ₹533.09 | Year range ₹437.25 - ₹558.78 | |
AUM ₹6,879.65 Cr | ManagersHimanshu Mange | Launch Date 31 May 2004 |
NIP ETF Bank Bees
About Nippon India ETF NIFTY Bank BeES
- NIFTY Bank BeES is an Exchange Traded Fund (ETF) listed on the NSE and BSE, which invests in stocks of NIFTY 50 Index.
- It was launched on April 1, 1996.
- Nippon India ETF NIFTY BeES is less expensive than investing in individual securities of the NIFTY 50 Index.
- Nippon India ETF NIFTY Bank BeES aims to give investors returns mirroring the performance of the NIFTY Bank Index, subject to tracking error.
- The ETF symbol of Nippon India ETF NIFTY Bank BeES is BANKBEES.
- The Net Asset Value (NAV) of Nippon India ETF NIFTY Bank BeES is ₹535.5851 as of July 12, 2024. The Assets Under Management (AUM) of Nippon India ETF NIFTY Bank BeES Fund stood at ₹6,990 crore as of June 30, 2024. The ETF's expense ratio is 0.19%.
- Nippon India ETF NIFTY Bank BeES falls in the 'Very High' risk category.
- Nippon India ETF NIFTY Bank BeES doesn't have any lock-in period.
- Nippon India ETF NIFTY Bank BeES is over 20 years old. It has delivered 16.9% returns since inception.
- The Nippon India ETF NIFTY Bank BeES has delivered 17.6% over 1 year, 14.85% over 3 years, 11.31% over 5 years.
- As of June 30, 2024, Nippon India ETF NIFTY Bank BeES had allocated 99.49% of its assets to equity, 0.51% to cash and cash equivalents, and 0% to debt instruments.
Investment objective and benchmark
- Nippon India ETF NIFTY Bank BeES is mandated to invest at least 80% of its assets in the shares of banks and financial services companies.
- As a passively managed fund, it replicates the portfolio of its chosen benchmark index. This strategy aims to closely track the performance of the banking sector, providing investors with exposure to this specific segment of the market.
- As the fund looks to generate returns that align with the performance of the NIFTY Bank Index, its investments mirror at least 90% of its total assets in the stocks of the underlying index. This approach allows the fund to closely mirror the movements and returns of the banking sector, offering investors exposure to this specific segment of the market.
Asset Allocation & Portfolio Composition
The Nippon India ETF NIFTY Bank BeES has a strong focus on the financial sector, with significant investments allocated to banks and financial services companies. As per the ETF quarterly updates, 99.49% of its portfolio is invested in financial companies.
Top 10 holdings in portfolio:
- HDFC Bank - 28.23%
- ICICI Bank - 23.34%
- Kotak Mahindra Bank - 10.11%
- SBI - 10.07%
- Axis Bank - 9.94%
- IndusInd Bank - 5.50%
- Bank of Baroda - 2.91%
- Federal Bank - 2.39%
- AU Small Finance Bank - 2.12%
- PNB - 2.08%
Key indicators
Tracking index Nifty Bank |
Expense Ratio0.19% |
Tracking error 0.04% |
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Investment checklist: (3/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
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
Compare the returns of this fund with
NIFTY 50
This ETF
Nifty 50
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NIP ETF Bank Bees Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 1 2024 | ₹534.98 | ₹530.44 | |
Thu, Oct 31 2024 | ₹534.99 | ₹529.64 | -0.56% |
Wed, Oct 30 2024 | ₹536.59 | ₹532.64 | -0.68% |
Tue, Oct 29 2024 | ₹529.71 | ₹536.28 | |
Mon, Oct 28 2024 | ₹529.99 | ₹526.45 | |
Fri, Oct 25 2024 | ₹529.98 | ₹522.14 | -1.23% |
Thu, Oct 24 2024 | ₹528.94 | ₹528.62 | |
Wed, Oct 23 2024 | ₹527.99 | ₹526.11 | -0.11% |
Composition
What's in fund
Name | Holdings |
---|---|
HDFCBANKHDFC Bank Ltd | 28.11% |
ICICIBANKICICI Bank Ltd | 23.82% |
SBINState Bank of India | 9.53% |
KOTAKBANKKotak Mahindra Bank Ltd | 9.38% |
532215Axis Bank Ltd | 9.33% |
INDUSINDBKIndusInd Bank Ltd | 5.68% |
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