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Unrated

Nippon India ETF PSU Bank BeES


1 Lakh

Investment declined to
₹ 0.44 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.00 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 -47.89 0.47 3.86 2.21 -10.15 0.33 -43.08 -24.16 -16.55 -7.63 -11.89
S&P BSE Bankex TRI -24.22 -0.06 4.14 15.36 6.10 19.58 -16.56 1.34 6.78 12.91 7.94
Equity: Sectoral-Banking -24.49 0.10 3.61 12.77 3.76 19.33 -18.05 -3.47 3.44 8.29 2.24
Rank within category 22 2 14 25 22 22 21 16 14 9 7
Number of funds in category 23 26 25 25 23 23 22 17 15 10 8

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India ETF PSU Bank BeES  | Invest Online
Unrated
Oct-07 -43.08 -24.16 -16.55 0.49 30
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -8.51 5.33 12.26 2.15 1,495
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -10.14 1.05 -- 2.59 449
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -18.17 0.21 6.35 0.18 5,307
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -18.25 0.16 6.41 0.18 4,392

Best & Worst Performance

Best (Period) Worst (Period)
Week 35.53 (13-May-2009 - 20-May-2009) -25.19 (20-Oct-2008 - 27-Oct-2008)
Month 43.54 (28-Apr-2009 - 28-May-2009) -41.04 (20-Feb-2020 - 23-Mar-2020)
Quarter 101.30 (09-Mar-2009 - 10-Jun-2009) -51.16 (03-Jan-2020 - 03-Apr-2020)
Year 149.11 (09-Mar-2009 - 09-Mar-2010) -67.97 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -20.08 42.51 -0.59 -0.99 1.17 -21.14
S&P BSE Bankex TRI 1.64 29.75 -0.12 -0.12 -- --
Equity: Sectoral-Banking -1.75 30.55 -0.20 -0.25 0.98 -3.47
Rank within category 16 17 16 16 17 16
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-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 96.61
Top 5 Stocks (%) 79.90
Top 3 Sectors (%) 99.76
Portfolio P/B Ratio 0.44
Portfolio P/E Ratio 291.51

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 32,813 1,61,701
Giant (%) 32.65 75.19
Large (%) -- 9.77
Mid (%) 61.16 13.17
Small (%) 6.19 5.12
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
down State Bank of India Financial 8.38 74.47 26.08 32.57
down Bank of Baroda Financial -- 22.52 6.93 16.88
down Punjab National Bank Financial -- 13.92 4.17 12.88
down Canara Bank Financial -- 12.48 3.25 10.76
down Union Bank of India Financial -- 7.50 1.89 6.81
down Bank of India Financial -- 6.87 1.59 5.82
down Indian Bank Financial 8.53 4.55 1.31 3.03
down UCO Bank Financial -- 2.87 0.00 2.87
down Central Bank of India Financial -- 3.32 0.00 2.59
down Indian Overseas Bank Financial -- 2.95 0.00 2.40
down Bank of Maharashtra Financial 17.77 2.16 0.00 1.80
down J&K Bank Financial -- 2.54 0.00 1.35

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-Sep-2020

Fund Manager

— Mehul Dama since 06-Nov-2018

Education: Mr. Dama has done C.A. & B.Com

Experience: Prior to joining Reliance Mutual Fund, he has worked with Goldman Sachs Asset Management(India) Private Ltd. as Vice President, Benchmark Asset Management Company Private Ltd. as Assistant Vice President and Lovelock & Lewes as Assistant Manager.

Funds Managed:


0.47%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 14.4637


Investment Strategy

The scheme aims to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty PSU Bank Index. It will invest at least 90% of its total assets in the stocks of its corresponding underlying index.

Investment Details

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

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 25-Oct-2007
Return Since Launch: -4.80%
Benchmark: NIFTY PSU Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 30 Cr (As on 30-Sep-2020)
Expense: 0.49% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --
Turnover: 111.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Growth10-Nov-20090.2151

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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