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Unrated

Nippon India ETF Bank BeES


1 Lakh

Investment Grown to
₹ 1.31 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.61 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.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 12.13 -0.24 -0.69 6.72 -2.43 14.54 70.59 9.40 14.43 12.44 12.84
S&P BSE Bankex TRI 10.84 -0.36 -0.76 6.25 -1.82 13.57 69.77 10.52 14.73 12.82 13.40
Equity: Sectoral-Banking 14.42 -0.25 -0.49 7.25 -0.39 16.69 70.03 7.79 12.46 9.14 8.79
Rank within category 17 14 19 14 21 18 11 9 10 5 3
Number of funds in category 28 28 28 28 28 27 23 17 17 11 8

As on 11-Jun-2021

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 70.59 9.40 14.43 0.18 9,087
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 69.76 14.26 17.89 2.21 2,647
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 59.01 11.41 16.90 2.46 753
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 70.28 9.33 14.44 0.18 7,513
SBI ETF Nifty Bank Fund  | Invest Online
Unrated
Mar-15 70.70 9.44 14.49 0.20 4,319

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 15.00 34.11 0.31 0.38 1.01 -1.20
S&P BSE Bankex TRI 16.05 33.62 0.35 0.42 -- --
Equity: Sectoral-Banking 13.35 34.28 0.28 0.33 0.98 -2.45
Rank within category 7 11 9 9 11 9
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-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 98.02
Top 5 Stocks (%) 86.36
Top 3 Sectors (%) 99.98
Portfolio P/B Ratio 2.44
Portfolio P/E Ratio 24.45

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,43,464 2,52,500
Giant (%) 86.38 74.18
Large (%) 8.00 10.53
Mid (%) 5.62 12.16
Small (%) -- 5.83
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 25.76 37.03 25.99 28.28
up ICICI Bank Financial 23.94 21.36 14.76 21.36
up Kotak Mahindra Bank Financial 35.63 16.65 12.18 12.36
down State Bank of India Financial 17.11 13.27 8.10 12.21
down Axis Bank Financial 31.45 16.59 7.32 12.15
up Indusind Bank Financial 26.82 8.22 3.52 5.05
up AU Small Finance Bank Financial 28.01 2.24 0.00 1.85
up Bandhan Bank Financial 23.33 2.75 0.00 1.84
up Federal Bank Financial 10.32 1.69 1.21 1.54
up IDFC First Bank Financial 77.01 1.38 0.38 1.38
up Punjab National Bank Financial 18.07 1.11 0.43 1.11
up RBL Bank Financial 24.66 2.19 0.72 0.85

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-May-2021

Fund Manager

— Vishal Jain since 06-Nov-2018

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

Experience: Prior to joining Nippon India 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:


-0.24%

Change from previous, NAV as on 11-Jun-2021

IDCW: ₹ 352.3270


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 27-May-2004
Return Since Launch: 17.80%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 9,087 Cr (As on 31-May-2021)
Expense: 0.18% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: --
Turnover: 74.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW20-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

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