RELCAPAMC-NETFSDL26

About Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight

• The Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight is an open-ended fund offered by Nippon India Mutual Fund House.
• The fund’s inception date is March 25, 2021.
• It includes an equal-weighted portfolio of the top 20 SDLs issued by states and Union Territories, selected based on their outstanding amounts.
• As of June 30, 2024, the scheme’s assets under management (AUM) stood at ₹7,194.73 crore.
• Vivek Sharma and Siddharth Deb have been the scheme’s fund managers since its inception.
• The ETF can be traded at the prevailing market price using a demat account with a registered broker.

Investment Objective & Benchmark

• The fund benchmarked against the Nifty SDL Apr 2026 Top 20 Equal Weight Index.
• Its investment objective is to deliver returns that closely match the total returns of the securities represented by the Nifty SDL Apr 2026 Top 20 Equal Weight Index before expenses.
• The investment is evenly distributed among all SDLs in the portfolio.
• The index has a defined maturity date of April 30, 2026, and is reviewed at the end of each calendar quarter.
• The Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight carries low to moderate risk.

Asset Allocation & Portfolio Composition

• The fund’s asset allocation includes SDLs representing the Nifty SDL Apr 2026 Top 20 Equal Weight Index, with a minimum of 95% and a maximum of 100% of total assets.
• Money market instruments, including Treasury Bills, Government Securities and Tri-Party Repo on G-Secs or T-Bills, are allocated between 0% and 5% of total assets.

Here are the top 10 portfolio disclosures in terms of states, with their percentage to the NAV:

• Maharashtra: 10.14%
• Karnataka: 10.06%
• Tamil Nadu: 8.47%
• Rajasthan: 8.3%
• Haryana: 7.87%
• Gujarat: 7.72%
• Uttar Pradesh: 7.66%
• Kerala: 7.41%
• West Bengal: 7.34%
• Andhra Pradesh: 6.16%

The top five constituents of the Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight as of June 30, 2024, are:

• 8.3% State Government Securities: 3.48%
• 8.83% State Government Securities: 3.44%
• 8.29% State Government Securities: 3.05%
• 8.38% State Government Securities: 3.02%
• 8.27% State Government Securities: 2.97%

As of June 28, 2024, the Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight has achieved a one-year CAGR of 7.33% against the benchmark returns of 7.64%.

The scheme has delivered a CAGR of 6.04% since its inception.