Nippon India ETF Nifty Bank BeES
Equity
regular
Sector - Financial Services
NAV: ₹ 487.58 as on 15-05-2024
About the Fund
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 ₹6421 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.2.
Fund Performance
Overview
 | 0.19% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹6421 Cr |
 | 31 May, 2004 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 24.73% |
Nippon India ETF Nifty Bank BeES Distribution as on (30-Apr-24)
Size breakup
Large cap
92.6%
Mid cap
7.4%
Sector Allocation
Financial Services
100%
Top Holdings of Nippon India ETF Nifty Bank BeES as on (30-Apr-24)
Equity Holdings12
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 6.1% |
 ICICI Bank Ltd | 3.9% |
Top Losers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | -8.4% |
 IndusInd Bank Ltd | -7.7% |
 Bandhan Bank Ltd | 7.2% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 4.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
- This fund outperformed Nifty 500 by 2.34% in Apr'24
AUM Change
- AUM of the fund stands at 6.4K Cr as of Apr'24
- AUM increased by 230 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
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 1.02%.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 34.38% return, outperforming this fund by 25.02%.
Over the last 1 month, this fund has experienced a 3.7% growth in AUM moving from 6.19K Cr to 6.42K Cr.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 22.15% return, outperforming this fund by 7.44% per annum.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.96% return, outperforming this fund by 8.1% per annum.
Peer Analysis
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Nippon India ETF Nifty Bank BeES | 9.4% | 14.7% | 10.9% | 17% |
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 16.96% since inception which is more than its category average return of 15.33%
Fund Allocations
This fund has an allocation of 99.96% in Equity, 0% in Debt and 0.04% in Cash related instruments
AUM size ₹6421 Cr
This fund has AUM of ₹6421 Cr which is more than its category average of ₹ 1625 Cr
Expense Ratio 0.19%
This fund has an expense ratio of 0.19% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Nippon India ETF Nifty Bank BeES is ₹487.58 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Nippon India ETF Nifty Bank BeES | Absolute Returns | CAGR Returns |
1 Month Returns | 0.19% | 0.19% |
6 Month Returns | 8.19% | 8.19% |
1 Year Returns | 9.36% | 9.36% |
3 Years Returns | 50.92% | 14.71% |
5 Years Returns | 67.5% | 10.87% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.19% as on April 2024
₹6421 Cr as on April 2024
HDFC Bank Ltd(29.03%), ICICI Bank Ltd(23.81%), Axis Bank Ltd(9.76%), State Bank of India(9.57%), Kotak Mahindra Bank Ltd(7.9%) as on April 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 | -0.15 | -0.19 | -0.45 |
As on April 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 April 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 | 0.61 | 0.62 | 0.33 |
As on April 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 | 13.26 | 16.15 | 27.55 |
As on April 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 1.07 as on April 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