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About This Scheme

Scheme Name

Bajaj Finserv Nifty Bank ETF

Type of Scheme

An open ended exchange traded fund tracking Nifty Bank Index

Investment Objective

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.

Key Features

Launch Date

Jan 15th, 2024

Investment Strategies

The Scheme will be managed passively with investments in stocks in a proportion to the weights of these stocks in the Nifty Bank Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the Scheme. The Scheme may invest in debt & money market instruments permitted by SEBI / RBI to meet the liquidity and expenses of the scheme.

Creation Unit Size and Tracking Error

Creation Unit Size - 50,000 Units

For Tracking Difference Click here

Load Structure

Entry Load* - Nil

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.

Exit Load** - Nil

**If charged, the same shall be credited to the scheme immediately net of service tax, if any.

Minimum Application Amount

Through Stock Exchange - 1 Unit & in multiple of 1 thereof.

Directly with Mutual Fund - in creation unit size viz. 50,000 Units and in multiples thereof.

During NFO:

Minimum application amount - Rs. 500 and in multiples of Re. 1.

Units will be allotted in the whole figures and the balance amount will be refunded.

Fund Size (AUM)

Monthly Average - 342.22 as on 30-11-2024

Month End – nil - 370.41 as on 30-11-2024

Benchmark & Exchange

Benchmark - NIFTY 50 TRI

Exchange Listed – NSE & BSE

NSE Symbol - To be updated at the time of listing

BSE Code – To be updated at the time of listing.

Market makers

East India Securitiesl

Kanajalochana Finserv

Parwati Capital

Total Expense Ratio of Mutual Fund scheme

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*)
*SEBI vide letter no. SEBI/HO/IMD/IMD-SEC3/P/OW/2023/5823/1 dated February 24, 2023 and AMFI vide letter no. 35P/MEM-COR/85/2022-23 dated March 02, 2023 has advised AMCs to keep B-30 incentive in abeyance till AMCs put in place effective controls. Accordingly, applicability of this expense ratio will be subject to any further communication issued by SEBI / AMFI in this regard.

Data as on October 31, 2023

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Top Holdings

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Stock Name	% to NAV
HDFC Bank Limited	29.38%
ICICI Bank Limited	24.52%
State Bank of India	10.24%
Kotak Mahindra Bank Limited	9.00%
Axis Bank Limited	8.67%
IndusInd Bank Limited	3.94%
The Federal Bank Limited	3.09%

Data as on November 30^th 2024

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Group Name	% to NAV
HDFC	29.38%
ICICI	24.52%
PSU - SBI	10.24%
Kotak	9.00%
Axis Bank	8.67%
PSU	6.67%
Hinduja	3.94%

Data as on November 30^th 2024

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Sector Name	% to NAV
Financial Services	100.00%

Data as on November 30^th 2024

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Fund Manager

Mr. Sorbh Gupta: Senior Fund Manager - Equity

Sorbh Gupta has over 15 years of experience in the Indian Capital Markets. In November 2022, he was appointed as Senior Fund Manager – Equity at Bajaj Finserv Asset Management Limited. Prior to joining Bajaj Finserv Asset Management Limited, he was associated with Quantum Asset Management Company Private Ltd. He has also worked with other financial companies such as Siddhesh Capital Markets Pvt. Ltd. and Pranav Securities Pvt. Ltd.

Mr. Ilesh Savla (Equity portion)

Mr. 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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