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Nippon India ETF Nifty Bank BeES

An Open Ended Index Exchange Traded Scheme

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This product is suitable for investors who are seeking*:

  • long-term capital appreciation.
  • investment in securities covered by Nifty Bank Index.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India ETF Nifty Bank BeES

Benchmark Riskometer

Nifty Bank TRI

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  • Investment Objective:
    The investment objective of Nippon India ETF Nifty Bank BeES (Formerly Nippon India ETF Bank BeES) is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty Bank Index.

Fund PerformanceGrowth Plan

  • Latest NAV (24 Mar 2023)398.6285


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NAV as on February 28, 2023: ` 407.4997

Performance of Nippon India ETF Nifty Bank BeES​ as on 28/02/2023
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India ETF Nifty Bank BeES11.8711.069.8416.58
B:Nifty Bank TRI12.1311.8010.3517.12
AB:Nifty 50 TRI4.2716.9811.8915.04
Value of `10000 Invested
Nippon India ETF Nifty Bank BeES11,18713,70115,9931,78,155
B:Nifty Bank TRI11,21313,98016,3671,94,061
AB:Nifty 50 TRI10,42716,01417,5401,38,695
Inception Date: May 27, 2004
​​​B - Benchmark    |   AB - Additional Benchmark    |  TRI: Total Return Index​
Fund Manager: Mehul Dama (Since Sep 2021)​
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​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Mehul Dama​

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Nippon India ETF Nifty PSU Bank BeES39.4540.3623.7024.493.434.05
CPSE ETF20.7021.2927.5928.155.575.97
Nippon India Nifty Auto ETF18.5518.82NANANANA
Bottom 3
Nippon India ETF Nifty 50 Shariah BeES-6.93-6.1416.8018.079.6010.88
Nippon India Nifty Pharma ETF-8.52-8.36NANANANA
Nippon India ETF Nifty IT-10.76-10.45NANANANA
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Note:

​a.Mr. Mehul Dama manages 26 open-ended schemes of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns

#The performance details provided herein are of Growth Plan (Regular Plan)

*The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using IDCW Reinvestment NAV's.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure.

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Mehul Dama has been managing Nippon India Gold Savings Fund since Nov 2018, Nippon India Index Fund - Nifty 50 Plan since Nov 2018, Nippon India Index Fund - S&P BSE Sensex Plan since Nov 2018, Nippon India ETF Nifty PSU Bank BeES since Nov 2018, Nippon India ETF Nifty Infrastructure BeES since Nov 2018, Nippon India ETF Nifty 50 Value 20 since Nov 2018, Nippon India ETF Nifty 100 since Nov 2018, Nippon India ETF Nifty India Consumption since Nov 2018, Nippon India ETF Nifty 50 Shariah BeES since Nov 2018, Nippon India ETF Nifty Dividend Opportunities 50 since Nov 2018, Nippon India ETF S&P BSE Sensex since Nov 2018, Nippon India ETF Nifty Midcap 150 since Jan 2019, Nippon India Nifty Next 50 Junior BeES FoF since Mar 2019, Nippon India ETF S&P BSE Sensex Next 50 since Jul 2019, Nippon India ETF Nifty IT since Jun 2020, Nippon India Nifty Smallcap 250 Index Fund since Oct 2020, Nippon India Nifty 50 Value 20 Index Fund since Feb 2021, Nippon India Nifty Midcap 150 Index Fund since Feb 2021, Nippon India Nifty Pharma ETF since Jul 2021, CPSE ETF since Sep 2021, Nippon India ETF Nifty 50 BeES since Sep 2021, Nippon India ETF Nifty Next 50 Junior BeES since Sep 2021, Nippon India ETF Nifty Bank BeES since Sep 2021, Nippon India Nifty Auto ETF since Jan 2022, Nippon India Silver ETF Fund of Fund since Feb 2022, Nippon India Nifty Alpha Low Volatility 30 Index Fund since Aug 2022.​

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Returns for 1 year and above are compounded annualized (CAGR) and returns less than 1 year are simple annualized basis. 6 months simple annualized returns are provided for the schemes that are in existence for more than 6 months but have not completed 1 year. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of Nippon India ETF Nifty 1D Rate Liquid BeES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of IDCW option would be net of dividend distribution tax, if any. Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund, Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Nifty 1D Rate Liquid BeES is `1000 per unit. Face value of Nippon India ETF Nifty Next 50 Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 per unit. Face Value of Nippon India ETF Nifty 50 BeES, Nippon India ETF Nifty Bank BeES, Nippon India ETF Nifty PSU Bank BeES, Nippon India ETF Nifty 50 Value 20, Nippon India ETF Hang Seng BeES, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval schemes are not provided since these are not comparable with other schemes.




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Fund Details

  • Inception Date27 May 2004
  • Fund ManagerMr. Mehul Dama
Current Investment Philosophy
    • The Scheme employs a passive investment approach designed to track the performance of Nifty Bank TRI.
    • The Scheme seeks to achieve this goal by investing in securities constituting the Nifty Bank Index in same proportion as in the Index.
Minimum Investment
10000.00
    • Through Stock Exchange - 1 Unit & in multiples thereof.
    • Directly with the Mutual fund - in creation unit size viz. 10000 units & in multiples thereof.
Fund Manager
Load Details

Entry Load*

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load:**

NIL

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • long-term capital appreciation.
  • investment in securities covered by Nifty Bank Index.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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