Nippon India ETF Nifty 50 Shariah BeES

About Nippon India ETF Nifty 50 Shariah BeES

Nippon India ETF Nifty 50 Shariah BeES is a equity mutual fund scheme of Nippon India Mutual Fund. Launched on March 18, 2009, it is currently managed by Jitendra Tolani. The fund has an expense ratio of 0.96% with an overall AUM (Assets Under Management) of ₹52 Cr.

Nippon India ETF Nifty 50 Shariah BeES is mandated to invest at least 80 per cent of its assets in large-cap stocks at all times. Being passively managed, it replicates the portfolio of its chosen benchmark index. The fund allows minimum lumpsum investment of ₹-- and minimum SIP of ₹--.

Investment Strategy

The scheme seeks to generate returns that closely correspond to the total returns of the securities as represented by the Nifty Shariah Index by investing upto 90% of its assets in securities which are constituents of CNX Nifty Shariah Index in the same proportion as in the index.

Suitability

Large-cap funds are suitable for investors:

• Seeking exposure in large-cap stocks for moderately high returns
• Aiming for long-term wealth creation
• With a 5+ year investment horizon
• Who are at ease with the market's ups and downs

Note:

• Invest only through SIP
• Being passively managed, the fund replicates the portfolio of its chosen benchmark index