The Nippon India ETF Nifty Bank BeES, managed by Nippon Life India Asset Management Limited, is an open-ended index scheme aimed at tracking the Nifty Bank TRI through a passive investment strategy.

This fund replicates the Nifty Bank Index by investing in its constituent securities in proportion to the index, ensuring close alignment with the benchmark performance.

With a fund size of ₹7290.9 Cr and a low expense ratio of 0.19%, it effectively diversifies across major banking stocks, with HDFC Bank and ICICI Bank comprising over 54% of the portfolio.

Performance metrics indicate a solid track record, with a 1-year return of +1.8%, a 3-year CAGR of 12.9%, and a 5-year CAGR of 21.1%, showcasing consistent growth amidst market fluctuations.

The fund is overseen by Himanshu Mange, who has six years of experience, and has a minimal tracking error of 0.03%, highlighting its efficiency in replicating the index's performance.