September 23, 2022
mayank
Nippon India ETF Nifty Bank BeES
NAV IDCW: Rs 411.5294
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to generate returns that are commensurate with the performance of the Nifty Bank Index subject to tracking error, by investing at least 90% of its total assets in the stocks of the underlying index.
Nippon India ETF Nifty Bank BeES Fund Manager:
1) Mehul Dama
Education: Mr. Dama has done C.A. & B.Com
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Goldman Sachs Asset Management(India) Private Ltd. as Vice President, Benchmark Asset Management Company Private Ltd. as Assistant Vice President and Lovelock & Lewes as Assistant Manager.
Investment Details
| Min. Investment (Rs) | 10,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 27-May-04 |
| Return Since Launch | 17.01% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 9,809 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.19% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 36.00% |
Nippon India ETF Nifty Bank BeES Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind ETF Nifty Bank BeES | 15.24 | -1.39 | 6.07 | 23.9 | 12.54 | 10.61 | 11.59 | 10.7 | 13.28 | 13.88 |
| S&P BSE Bankex TRI | 15.77 | -1.44 | 5.79 | 22.98 | 12.27 | 10.55 | 12.86 | 11.52 | 13.73 | 14.34 |
| Equity: Sectoral-Banking | 13.29 | -1.19 | 6 | 24.08 | 11.97 | 9.16 | 11.18 | 8.26 | 11.06 | 10.56 |
| Rank within category | 11 | 24 | 13 | 13 | 9 | 8 | 11 | 6 | 7 | 4 |
| Number of funds in category | 31 | 34 | 34 | 33 | 33 | 30 | 22 | 17 | 15 | 10 |
Nippon India ETF Nifty Bank BeES Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Nippon Ind ETF Nifty Bank BeES | Unrated | 10.61 | 11.59 | 10.70 | 0.19 | 9,809 | 17.01 | — | 18yrs 4mo | 36.00 |
| SBI Banking & Fin Srvices Reg | 5 star | 4.67 | 13.32 | 12.28 | 1.91 | 3,721 | 13.55 | 0.50 (30) | 7yrs 7mo | 106.00 |
| Nippon Ind Banking & Fin Srvices Reg | 4 star | 11.40 | 13.81 | 8.60 | 2.02 | 3,663 | 20.90 | 1.00 (30) | 19yrs 4mo | 49.00 |
| Sundaram Fin Srvices Opp Reg | 4 star | 6.27 | 13.82 | 10.73 | 2.62 | 590 | 13.80 | 1.00 (365) | 14yrs 3mo | 60.00 |
| Invesco Ind Fin Srvices Reg | 4 star | 1.68 | 12.40 | 9.40 | 2.62 | 464 | 15.81 | 1.00 (365) | 14yrs 2mo | 20.00 |
Portfolio Analysis
| No. of Stocks | 12 |
| Top 10 Stocks | 97.69% |
| Top 5 Stocks | 83.83% |
| Top 3 Sectors | 99.81% |
| Portfolio P/B Ratio | 2.22 |
| Portfolio P/E Ratio | 18.37 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,69,179 | 2,70,010 |
| Giant (%) | 83.99 | 71.47 |
| Large (%) | 7.93 | 12.27 |
| Mid (%) | 8.09 | 13.79 |
| Small (%) | — | 4.95 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Nippon India ETF Nifty Bank BeES
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://mf.nipponindiaim.com/
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