Nippon India ETF Nifty 50 Shariah BeES

The Nippon India ETF Nifty 50 Shariah BeES, managed by Nippon Life India Asset Management Limited, aims to passively track the Nifty50 Shariah TRI through investments in its constituent securities.

This fund utilizes a replication strategy to mirror the Nifty50 Shariah TRI, ensuring alignment with the benchmark's performance while maintaining a tracking error of just 0.1%.

The portfolio is heavily skewed towards the IT sector, with a remarkable 40.99% allocation, while also featuring significant stakes in Pharmaceuticals and Diversified FMCG, indicating a concentrated risk profile.

Over the past year, the fund experienced a decline of 18.2%, yet it demonstrates resilience with a 3-year CAGR of 7.2% and a 5-year CAGR of 11.2%, showcasing its long-term potential.

With an AUM of ₹51.18 Cr and an expense ratio of 0.96%, the fund remains accessible, under the management of Jitendra Tolani, who brings 19 years of experience to the table.