Nifty BeES (Benchmark Exchange Traded Scheme) – the first exchange traded fund (ETF) in India.
Nifty BeES , a combination of a share and a mutual fund unit, trades on the capital market segment of NSE ( National Stock Exchange).Each Nifty BeES unit is 1/10 th of the S&P CNX Nifty Index value.
Nifty BeES units are traded and settled in dematerialized form.
Nifty BeES is a no load scheme. The annual expense ratio including management fees is a maximum of 0.80% of the Daily Average Net Assets, which is one of the lowest for any mutual fund scheme in India. The costs reduce further to 0.65%, for assets over Rs.5 billion.
Nifty bees are suitable for Investors who are seeking:
- Long-term capital appreciation.
- Investment in securities covered by Nifty 50 Index.
