Nippon India ETF Nifty Bank BeES
BANKBEES.BO
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- Nippon India ETF Nifty Bank BeES (BANKBEES.BO) is an open-ended exchange-traded fund that seeks to deliver returns closely corresponding to the total returns of the Nifty Bank Index before expenses, employing a passive investment strategy by holding securities in the same proportion as the index constituents. The fund tracks the performance of leading Indian banking stocks, including HDFC Bank Ltd., ICICI Bank Ltd., State Bank of India, Axis Bank Ltd., and Kotak Mahindra Bank Ltd., with top holdings representing over 77% of the portfolio as of late 2025; it offers units priced at 1/100th of the index value, traded on the National Stock Exchange (NSE) under symbol BANKBEES and listed on BSE, with creation unit size of 10,000 units for direct dealings with the mutual fund. Launched on May 27, 2004, and managed by Nippon India Mutual Fund, sponsored by Nippon Life Insurance Company with headquarters in Mumbai, India, the ETF operates primarily in the Indian financial services sector, targeting investors seeking long-term capital appreciation through diversified exposure to the banking industry. Assets under management reached Rs 8,030 crore as of December 2025, with a total expense ratio of 0.19%, tracking error of 0.03%, and no entry or exit loads. Recently, the scheme underwent a name change from Nippon India ETF Bank BeES to Nippon India ETF Nifty Bank BeES, reflecting updated branding alignment; monthly investment factsheets and fund flashes were updated for periods ended October 31, 2025 (AUM Rs 7,731 crore, NAV Rs 598.15) and September 30, 2025 (AUM Rs 7,389 crore, NAV Rs 584.54), alongside routine portfolio rebalancing with increases in holdings like ICICI Bank and HDFC Bank; fund management transitioned to Himanshu Mange in December 2023.