Mr.Ilesh Savla joined Bajaj Finserv Asset Management Limited (Bajaj Finserv AMC) in April 2023. Mr. Savla has over 23 years of work experience across various functions in Equity Dealing and Sales Trading / Dealing profile. Prior to Bajaj Finserv , Mr. Savla was associated with Reliance Nippon Life Insurance, Equirus Securities and Maybank KimEng Securities.
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₹ 94.4960
as on 03-Jan-2025 |
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This is an Exchange Traded Fund fund with Nifty Bank TRI as its benchmark. The risk level for this fund is categorized as Very High.₹188.08 crores
as on 31 January, 20251 year 1 month
since 19 January, 2024Nil
10 Years+
The investment objective of the scheme is to provide returns that are corresponding with the performance of the Nifty Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. Open configuration options.
Investments in top banking stocks
Offers diversified exposure to leading Indian banks listed on NSE, capturing the growth potential of the banking sector.
Liquidity and trading flexibility
Offers real-time trading opportunities as it is listed on the stock exchange .
Cost-effective investment
Has lower expense ratios compared to actively managed mutual funds.
Jan 19th, 2024
Maximum Total Expense Ratio (TER) permissible under Regulation 52 (6) I (i) and (6) (a) (Upto 1.00) Additional expenses for gross new inflows from specified cities (Upto 0.30*)
An open ended exchange traded fund tracking Nifty Bank Index
The Bajaj Finserv Nifty Bank ETF is an exchange-traded fund that tracks the Nifty Bank Index, which represents India’s top banking stocks in terms of market capitalisation.
The Nifty Bank ETF provides investors with diversified exposure to the banking sector, including private and public sector banks. The scheme is passively managed and the portfolio mirror’s that of the benchmark index. The scheme aims to match the index’s performance, subject to tracking error.
The ETF offers real-time trading on stock exchanges, making it a liquid and cost-effective way to invest in banking stocks. It allows investors to access the banking sector’s long-term growth potential without the need to select and manage individual stocks.
ETFs, or Exchange-Traded Funds, are diversified investment avenues that trade on stock exchanges like individual stocks. Similar to mutual funds, ETF investments offer diversification by holding a variety of stocks, bonds, or commodities.
However, unlike mutual funds, ETFs can be bought and sold throughout the trading day at the price quoted on exchange, which is based on the current value of their underlying securities. Moreover, with most mutual funds, a manager actively chooses the portfolio holdings and makes buy or sell decisions based on the investment strategy and objectives. The goal is usually to outperform the broader market. In comparison, ETFs mirror an existing stock market index (such as the Nifty 50) and seek to replicate its performance (subject to a tracking error, which is the difference between the fund’s performance and that of its benchmark).
Here are some of the benefits of investing in ETFs:
ETF investments can be suitable for a diverse range of investors. This can include:
1. New investors who seek exposure to various assets through a single investment.
2. Seasoned investors seeking portfolio diversification or the inclusion of specific asset classes.
3. Investors who want to reduce the role of a fund manager’s decision-making on their investment and prefer to align it with broader market movements.
4. Investors seeking intra-day liquidity and trading flexibility.
5. Investors who want lower expense ratios than that charged by active mutual funds
It is an exchange-traded fund that tracks the Nifty Bank Index, providing exposure to India’s top banking stocks.
It offers diversification across multiple banks, reducing the risk associated with investing in a single stock. Moreover, the portfolio is professionally managed.
The Bajaj Finserv Nifty Bank ETF can be suitable for those looking for potential wealth-creation in the long-term through a low-cost, passive exposure to the country’s banking sector. It is also suitable for those seeking intra-day liquidity and trading flexibility.
New investors can often be daunted by the enormous variety of mutual fund schemes to…
Exchange-Traded Funds (ETFs) have emerged as popular investment vehicles for both seasoned and new investors.…
While ETFs are categorised under the broad bucket of mutual funds, there are some key…
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