Nippon India ETF Nifty Bank BeES
Equity
regular
Sector - Financial Services
NAV: ₹ 493.99 as on 25-04-2024
Fund Performance
Mutual Fund Insights
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.04% return, outperforming this fund by 8.6% per annum.
This fund has one of the lowest expense ratio in the category (sector - financial services). Its expense ratio is 0.19% which is lower than the category average expense ratio of 1.03%.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 41.53% return, outperforming this fund by 27.12%.
In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 24.5% return, outperforming this fund by 8.76% per annum.
Over the last 3 months, this fund has experienced a 5.0% drop in AUM moving from 6.51K Cr to 6.19K Cr.
About the Nippon India ETF Nifty Bank BeES
Nippon India ETF Nifty Bank BeES is an equity fund. This fund was started on 31 May, 2004. The fund is managed by Mehul Dama. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India ETF Nifty Bank BeES has ₹6191 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.2.
Nippon India ETF Nifty Bank BeES Overview
 | 0.19% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹6191 Cr |
 | 31 May, 2004 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 24.73% |
Nippon India ETF Nifty Bank BeES Distribution as on (31-Mar-24)
Size breakup
Large cap
92.9%
Mid cap
7.1%
Sector Allocation
Financial Services
100%
Top Holdings of Nippon India ETF Nifty Bank BeES as on (31-Mar-24)
Equity Holdings12
Nippon India ETF Nifty Bank BeES: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.15% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.61% in Mar'24
AUM Change
- AUM of the fund stands at 6.2K Cr as of Mar'24
- AUM increased by 71.3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Nippon India ETF Nifty Bank BeES portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 6.1% |
 Kotak Mahindra Bank Ltd | 5.1% |
 ICICI Bank Ltd | 1.2% |
Top Losers | 1M Return |
|---|---|
 Axis Bank Ltd | 2.2% |
 State Bank of India | 4.5% |
 IDFC First Bank Ltd | 7.3% |
Peer Analysis
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Nippon India ETF Nifty Bank BeES | 14.4% | 15.7% | 10.4% | 17.1% |
Nippon India ETF Nifty Bank BeES Fund Manager
Mehul Dama
Fund Manager of Nippon India ETF Nifty Bank BeES, since 27 September 2021
Top funds managed
Nippon India ETF Nifty Bank BeES Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.08% since inception which is more than its category average return of 16.06%
Fund Allocations
This fund has an allocation of 99.99% in Equity, 0% in Debt and 0.01% in Cash related instruments
AUM size ₹6191 Cr
This fund has AUM of ₹6191 Cr which is more than its category average of ₹ 1553 Cr
Expense Ratio 0.19%
This fund has an expense ratio of 0.19% which is less than its category average expense ratio of 1.41%
Frequently Asked Questions
The current NAV of Nippon India ETF Nifty Bank BeES is ₹493.99 as on 25-Apr-2024.
Existing (Absolute + CAGR) as on 25-Apr-2024.
Nippon India ETF Nifty Bank BeES | Absolute Returns | CAGR Returns |
1 Month Returns | 3.45% | 3.45% |
6 Month Returns | 13.11% | 13.11% |
1 Year Returns | 14.41% | 14.41% |
3 Years Returns | 55.05% | 15.74% |
5 Years Returns | 64.26% | 10.44% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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0.19% as on March 2024
₹6191 Cr as on March 2024
HDFC Bank Ltd(28.99%), ICICI Bank Ltd(23.72%), Axis Bank Ltd(9.19%), State Bank of India(9.13%), Kotak Mahindra Bank Ltd(9.11%) as on March 2024
The alpha ratio for the Nippon India ETF Nifty Bank BeES for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India ETF Nifty Bank BeES | -0.14 | -0.19 | -0.44 |
As on March 2024
The alpha for Nippon India ETF Nifty Bank BeES is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India ETF Nifty Bank BeES for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India ETF Nifty Bank BeES | 1 | 1 | 1.01 |
As on March 2024
The Beta for Nippon India ETF Nifty Bank BeES is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India ETF Nifty Bank BeES for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India ETF Nifty Bank BeES | 0.7 | 0.5 | 0.28 |
As on March 2024
The sharpe ratio for Nippon India ETF Nifty Bank BeES is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India ETF Nifty Bank BeES for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India ETF Nifty Bank BeES | 13.83 | 16.09 | 27.54 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.85 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Mehul Dama is the fund manager of Nippon India ETF Nifty Bank BeES