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NIP ETF Hangseng Bees
HNGSNGBEES
₹356.98+₹8.68 (2.49%) TodayLast updated on 07 Nov, 2024 | 11:42 IST
NIP ETF Hangseng Bees Chart
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ETF is trading at a premiumMarket price ₹356.98 is higher than iNAV ₹322.67
👎 Be cautious, the ETF is expensive right now
Fund overview
About
Open ₹343.01 | Close ₹348.30 | Volume 1,84,616 | Avg. traded ₹355.78 |
Circuit range ₹259.52 - ₹389.29 | Day range ₹341.00 - ₹358.00 | Year range ₹205.00 - ₹421.38 | |
AUM ₹622.33 Cr | ManagersSiddharth Deb, +1 more | Launch Date 09 Mar 2010 |
NIP ETF Hangseng Bees
About Nippon India ETF Hang Seng BeES
- The Nippon India ETF Hang Seng BeES is an open-ended index scheme. It invests in overseas securities listed on the exchange in the form of an ETF that tracks the Hang Seng Index.
- Offered by the Nippon India Mutual Fund House, the fund is listed on the NSE, under the symbol HNGSNGBEES.
- Its inception date was March 9, 2010.
- The fund’s Assets Under Management (AUM) stands at ₹508.87 crore as of June 30, 2024.
- The fund has been managed by Kinjal Desai since May 2018 and Siddharth Deb since November 2016.
- The ETF units can be traded at the prevailing price during the usual market hours.
- One can invest in the scheme by buying the ETF units directly through a demat account.
Investment Objective and Benchmark
- The fund’s investment objective is to provide returns that closely match the performance of the benchmark index, by investing in the same securities in the same proportions.
- The Nippon India ETF Hang Seng BeES benchmark is the Hang Seng Total Return Index, which is among the oldest and leading stock market indices in Hong Kong.
- Investors need to remember that the fund falls under the very high risk category. It is suited for those looking at a long-term wealth creation goal.
- The ETF offers diversification to the portfolio with exposure to the international market, particularly the Hong Kong market.
Asset allocation and portfolio composition
- The Nippon India ETF Hang Seng BeES includes a diverse range of companies that are part of the Hang Seng Index.
- In terms of asset allocation, the fund invests 97.94% in equity and the remaining 2.06% is allocated to other types of investments.
- The sector allocation of the fund is 33.55% in financial, 17.20% in services, 9.94% in technology, 7.64% in energy, 5.32% in consumer discretionary and 26.35% in other sectors.
As of May 31, 2024, these are the top 10 companies in terms of weightage (%) that are included in the Nippon India ETF Hang Seng BeES:
- Tencent Holdings Limited: 9.28%
- HSBC Holdings PLC: 8.44%
- Alibaba Group Holding Limited: 7.28%
- AIA Group Ltd: 5.90%
- Meituan: 5.34%
- China Construct BK-H: 5.13%
- China Mobile Ltd: 3.95%
- Industrial and Commercial Bank of China Ltd: 2.96%
- Cnooc Ltd: 2.79%
- Hong Kong Exchanges and Clearing Ltd: 2.71%
As of June 28, 2024, Nippon India ETF Hang Seng BeES’ CAGR over one year stood at 1.32%, compared to the benchmark index’s yield of -0.51%
The scheme has delivered an annualised return of 5.49% since its inception.
Key indicators
Tracking index Hang Seng HSI |
Expense Ratio0.93% |
Tracking error 0.25% |
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Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
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Returns
Returns vs Benchmark
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NIP ETF Hangseng Bees Price history
Day | Open | Close | Change % |
---|---|---|---|
Wed, Nov 6 2024 | ₹364.70 | ₹348.30 | -5.61% |
Tue, Nov 5 2024 | ₹362.70 | ₹368.99 | |
Mon, Nov 4 2024 | ₹333.97 | ₹352.16 | |
Fri, Nov 1 2024 | ₹333.99 | ₹332.72 | |
Thu, Oct 31 2024 | ₹331.69 | ₹330.52 | |
Wed, Oct 30 2024 | ₹334.65 | ₹329.70 | |
Tue, Oct 29 2024 | ₹334.64 | ₹329.31 | |
Mon, Oct 28 2024 | ₹328.99 | ₹327.96 | -0.05% |
Composition
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