VR Logo

Unrated

Nippon India ETF Bank BeES


1 Lakh

Investment declined to
₹ 0.85 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.93 Lakh

Suitability:

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 multi-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. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -34.54 -3.02 -3.33 -4.21 0.07 5.08 -27.26 -5.15 3.95 10.52 6.04
S&P BSE Bankex TRI -33.74 -2.95 -3.23 -3.88 0.22 4.45 -25.40 -4.31 4.33 11.09 6.68
Equity: Sectoral-Banking -32.29 -2.97 -3.50 -4.37 0.56 5.25 -25.09 -7.72 1.75 7.29 1.92
Rank within category 19 15 17 19 20 15 16 9 10 5 3
Number of funds in category 23 25 25 24 23 23 22 17 15 10 8

As on 21-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -27.26 -5.15 3.95 0.18 5,918
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -14.99 0.80 10.52 2.13 1,525
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -15.72 -3.23 -- 2.59 468
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -27.29 -5.20 4.02 0.18 5,085
ICICI Prudential Banking and Financial Services Fund  | Invest Now
3 star
Aug-08 -22.12 -6.88 6.13 2.18 2,836

Best & Worst Performance

Best (Period) Worst (Period)
Week 33.74 (16-Jul-2008 - 23-Jul-2008) -27.22 (16-Mar-2020 - 23-Mar-2020)
Month 48.71 (28-Apr-2009 - 28-May-2009) -46.07 (20-Feb-2020 - 23-Mar-2020)
Quarter 120.52 (09-Mar-2009 - 10-Jun-2009) -48.41 (23-Dec-2019 - 23-Mar-2020)
Year 177.51 (09-Mar-2009 - 11-Mar-2010) -56.95 (28-Jan-2008 - 27-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.76 29.55 -0.05 -0.05 1.01 -0.60
S&P BSE Bankex TRI 4.37 29.19 -0.03 -0.03 -- --
Equity: Sectoral-Banking 0.23 30.19 -0.14 -0.18 0.98 -4.15
Rank within category 7 11 6 6 11 7
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Aug-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 98.52
Top 5 Stocks (%) 87.87
Top 3 Sectors (%) 99.97
Portfolio P/B Ratio 1.73
Portfolio P/E Ratio 22.18

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,23,872 1,70,368
Giant (%) 87.90 75.06
Large (%) 6.95 9.64
Mid (%) 5.15 13.91
Small (%) -- 4.05
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 20.14 37.03 25.99 25.99
down ICICI Bank Financial 23.83 20.31 14.76 19.58
up Axis Bank Financial 75.47 16.29 7.32 16.29
down Kotak Mahindra Bank Financial 30.03 16.65 11.79 14.77
down State Bank of India Financial 7.70 12.54 7.91 11.24
down Indusind Bank Financial 11.91 8.38 3.52 5.25
down Bandhan Bank Financial 15.74 2.11 0.00 1.70
down Federal Bank Financial 6.04 2.14 1.21 1.52
down RBL Bank Financial 21.91 2.19 0.00 1.25
down IDFC First Bank Financial -- 0.93 0.38 0.93
down Bank of Baroda Financial -- 1.44 0.77 0.81
down Punjab National Bank Financial -- 1.57 0.43 0.64

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2020

Fund Manager

— Vishal Jain since 06-Nov-2018

Education: Mr. Jain is a B.Sc and MBA.

Experience: Prior to joining Reliance Mutual Fund, he has worked Food Ideas Private Ltd. as Founder & CEO, Goldman Sach Asset Management as CIO and Benchmark Asset Management Company Ltd as CIO.

Funds Managed:


-3.02%

Change from previous, NAV as on 21-Sep-2020

Dividend: ₹ 214.8601


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.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 27-May-2004
Return Since Launch: 15.11%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 5,918 Cr (As on 31-Aug-2020)
Expense: 0.18% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --
Turnover: 78.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend20-Feb-20150.5473

 11-Mar-20140.4631
 14-Mar-20130.7578
 09-Jul-20090.4210
 16-Jan-20090.2105
 11-Sep-20070.2105
 08-Jan-20070.2947
 15-Feb-20060.3368

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Making sense of the rising market and shrinking GDP

dateFriday, 25-Sep-2020
time12:30 PM - 01:00 PM