May 20, 2024
mayank
Baroda BNP Paribas Nifty Bank ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Baroda BNP Paribas Nifty Bank ETF Open Date, Close Date?
NFO opens on May 31, 2024
NFO will close on June 14, 2024
What is the Investment Strategy?
The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Bank Total Returns Index before expenses, subject to tracking errors, fees and expenses.
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Issue Open | 31 May 2024 |
| Issue Close | 14 June 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Bank TRI |
What is the Benchmark Index?
The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE).
Nifty Bank Index is computed using free float market capitalization method.
Nifty Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Bank Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.82 | 2.29 | 14.25 | 10.66 | 17.37 |
| Total Return | 4.82 | 2.29 | 15.22 | 11.21 | 18.91 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.90 | 26.16 | 28.83 |
| Beta (NIFTY 50) | 1.07 | 1.23 | 1.09 |
| Correlation (NIFTY 50) | 0.83 | 0.90 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 15.2 | 2.91 | 0.74 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd | 29.04 |
| ICICI Bank Ltd | 23.82 |
| Axis Bank Ltd. | 9.76 |
| State Bank of India | 9.57 |
| Kotak Mahindra Bank Ltd | 7.91 |
| IndusInd Bank Ltd. | 6.45 |
| Bank of Baroda | 3.37 |
| Punjab National Bank | 2.70 |
| Federal Bank Ltd. | 2.34 |
| IDFC First Bank Ltd. | 2.09 |
Performance Review of the Fund Manager of Baroda BNP Paribas Nifty Bank ETF?
1) Neeraj Saxena
Education: He is PGDBA finance and Masters in Organic Chemistry
Experience: Prior to joining Baroda BNP Paribas AMC, he has worked with Stratcap Securities, Karvy Stock Broking and Iden Investment Advisors
Past Performance of his Schemes
| Fund | Baroda BNP Paribas NIFTY 50 Index Fund | It’s Benchmark |
| 1 Year | — | — |
| 3 Year | — | — |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
As on 20-5-2024
Which Company Owns Baroda BNP Paribas Nifty Bank ETF?
Baroda BNP Paribas Asset Management (India) Private Ltd.
Address: BNP Paribas House, 7th Floor, G-Block, Bandra Kurla Complex, Bandra Mumbai – 400051
Website: https://www.barodabnpparibasmf.in/
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in Baroda BNP Paribas Nifty Bank ETF NFO?
Guidance for Baroda BNP Paribas Nifty Bank ETF by Paresh Gordhandas, C.A., Research Analyst.
When it comes to sectoral funds, banking and automobile are two sectors that one can bank on. With the recently concluded elections, the focus will now be on the Budget. Banks will remain in focus. Since this is an ETF, the scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Bank Total Returns Index. The highest weightage is to HDFC Bank and ICICI Bank. Can invest a small amount.
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