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%