Nippon India ETF Nifty PSU Bank BeES
PSUBNKBEES.NS
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- Nippon India ETF Nifty PSU Bank BeES (ticker: PSUBNKBEES.NS) is an open-ended exchange-traded fund (ETF) that tracks the performance of the Nifty PSU Bank Total Return Index (TRI) before expenses. The ETF invests at least 90% of its net assets in the constituent securities of the index, including leading public sector banks such as State Bank of India (approximately 32% weight), Bank of Baroda, Canara Bank, Punjab National Bank, and Union Bank of India; it replicates the index's composition across large-cap value stocks in the financial services sector, with top holdings accounting for over 98% of the portfolio and nearly 100% exposure to banking. Listed on the National Stock Exchange (NSE) and BSE since November 2007 with ISIN INF204KB16I7, creation unit size of 25,000 units, and no entry or exit loads, the fund targets investors seeking long-term capital appreciation through passive exposure to India's public sector banking industry. Launched on October 25, 2007, and managed by Nippon India Mutual Fund with headquarters in Mumbai, India, the ETF operates primarily in the Indian market, providing intraday trading liquidity via stock exchanges and direct creation/redemption in large units for authorized participants. As of November 30, 2025, assets under management stand at Rs. 3,916.47 crore (month-end), with a total expense ratio of 0.49%, portfolio turnover of 0.35 times, tracking error of approximately 0.09-0.17%, standard deviation of 24.52, beta of 0.97, and Sharpe ratio of 0.93. The fund maintains minimal cash equivalents (around 0.04%) and focuses on total return replication, including dividends. A notable recent development includes the rebranding from Nippon India ETF PSU Bank BeES to Nippon India ETF Nifty PSU Bank BeES, reflecting alignment with the updated Nifty PSU Bank Index nomenclature while continuing to track the same benchmark. In February 2025, fund management transitioned to Jitendra Tolani, who oversees multiple index and ETF strategies at Nippon India Mutual Fund. The ETF has shown strong performance with 1-year returns around 18-25%, 3-year CAGR of 23-44%, and 5-year CAGR exceeding 35-38% as of late 2025, amid growth in AUM from Rs. 2,880 crore in August 2025 to over Rs. 3,900 crore by November, driven by sector tailwinds in public sector banking.