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Nippon India ETF Bank BeES


1 Lakh

Investment Grown to
₹ 1.75 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.55 Lakh

Analyst's Choice?

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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 18.18 4.80 13.88 19.69 20.49 12.22 13.99
S&P BSE Bankex TRI 20.54 5.52 15.20 22.30 20.47 12.44 14.82
Equity: Sectoral-Banking 14.26 4.64 12.70 16.59 15.07 8.32 9.98
Rank within category 11 9 12 11 6 5 4
Number of funds in category 18 23 22 18 17 12 8

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 48.71 (28-Apr-2009 - 28-May-2009) -31.37 (18-Feb-2008 - 19-Mar-2008)
Quarter 120.52 (09-Mar-2009 - 10-Jun-2009) -36.66 (02-Sep-2008 - 02-Dec-2008)
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 19.93 17.71 0.80 1.22 0.97 0.57
S&P BSE Bankex TRI 19.84 18.24 0.77 1.11 -- --
Equity: Sectoral-Banking 15.47 19.87 0.57 0.82 0.99 -4.28
Rank within category 6 7 8 5 7 8
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 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 98.69
Top 5 Stocks (%) 86.09
Top 3 Sectors (%) 99.94
Portfolio P/B Ratio 2.34
Portfolio P/E Ratio 41.03

Portfolio Aggregates

Fund Benchmark Category*
Average Mkt Cap (Rs Cr) 2,99,651 2,20,251
Giant (%) 86.14 74.66
Large (%) 9.28 11.62
Mid (%) 4.58 11.16
Small (%) -- 4.74
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 29.57 37.03 29.49 30.51
up ICICI Bank Financial 67.66 19.63 14.76 19.63
up Kotak Mahindra Bank Financial 39.32 14.93 10.97 12.80
down Axis Bank Financial 47.71 14.48 7.32 12.45
down State Bank of India Financial 29.35 10.90 7.91 10.70
down Indusind Bank Financial 24.77 8.38 5.69 7.71
down Federal Bank Financial 11.42 2.14 1.21 1.44
down RBL Bank Financial 21.24 2.19 0.00 1.27
down Yes Bank Financial 6.21 0.77 1.16
down Bank of Baroda Financial 50.75 1.89 0.77 1.02
down IDFC First Bank Financial 0.91 0.00 0.71
down Punjab National Bank Financial 1.57 0.48 0.54

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 30-Nov-2019

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:


1.10%

Change from previous, NAV as on 13-Dec-2019

Dividend: ₹ 3,267.4227


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
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 7,399 Cr (As on 30-Nov-2019)
Expense: 0.19% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM