Nippon India ETF Nifty Bank BeES
BANKBEES.NS
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- Nippon India ETF Nifty Bank BeES (BANKBEES.NS) 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 benchmark; it is issued and managed by Nippon India Mutual Fund and listed on the National Stock Exchange of India (NSE) with ISIN INF204KB15I9. The ETF's core offering centers on tracking the performance of major Indian banking stocks, including top holdings such as HDFC Bank Ltd (approximately 28%), ICICI Bank Ltd (approximately 23%), State Bank of India (approximately 9%), Axis Bank Ltd (approximately 9%), and Kotak Mahindra Bank Ltd (approximately 9%), with the top 10 holdings comprising over 94% of the portfolio and nearly 100% allocated to the banking sector; it features no entry or exit loads, a low expense ratio of 0.19%, a creation unit size of 10,000 units, and a pricing equivalent to 1/100th of the index value. Launched on May 27, 2004, and headquartered in Mumbai, India, through Nippon Life India Asset Management Ltd, the fund operates primarily in the Indian financial markets, targeting investors seeking long-term capital appreciation via exposure to the Nifty Bank Total Return Index (TRI), with assets under management reaching approximately Rs. 8,030 crore as of late 2025. In recent developments, the scheme underwent a name change from Nippon India ETF Bank BeES to Nippon India ETF Nifty Bank BeES, reflecting an alignment with the explicit Nifty Bank Index branding; additionally, its fund manager Himanshu Mange took over in February 2025, overseeing multiple index and ETF products amid stable operations and no major acquisitions, partnerships, or structural reorganizations specific to this ETF reported in the last 1-2 years, while the parent Nippon India Mutual Fund announced a strategic collaboration with DWS Group in November 2025 for alternative investments and passive products through a subsidiary.