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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-price-point
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
  • Returns
  • Composition
  • More

Fund overview

About
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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

Managers

Siddharth 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

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Tracking index
Hang Seng HSI

Expense Ratio

0.93%
Tracking error
0.25%

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Investment checklist: (1/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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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
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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NIP ETF Hangseng Bees Shareholder returns

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1 day
-5.61%
1 week
+5.64%
1 month
-10.81%
3 months
+27.10%
1 year
+30.35%
3 years
+7.78%
5 years
-90.33%

NIP ETF Hangseng Bees Price history

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DayOpenCloseChange %
Wed, Nov 6 2024
₹364.70
₹348.30
-5.61%
Tue, Nov 5 2024
₹362.70
₹368.99
+4.78%
Mon, Nov 4 2024
₹333.97
₹352.16
+5.84%
Fri, Nov 1 2024
₹333.99
₹332.72
+0.67%
Thu, Oct 31 2024
₹331.69
₹330.52
+0.25%
Wed, Oct 30 2024
₹334.65
₹329.70
+0.12%
Tue, Oct 29 2024
₹334.64
₹329.31
+0.41%
Mon, Oct 28 2024
₹328.99
₹327.96
-0.05%

Frequently asked questions