The Nippon India ETF Nifty Bank BeES, managed by Nippon Life India Asset Management Limited, is an equity ETF focused on passive investment, aiming to replicate the Nifty Bank TRI performance.

Utilizing a passive strategy, this fund invests in securities of the Nifty Bank Index, ensuring alignment with the benchmark, which is the Nifty Bank TRI, with a minimal tracking error of 0.03%.

The portfolio is heavily concentrated in the banking sector, with top holdings including HDFC Bank at 27.97% and ICICI Bank at 23.01%, indicating significant sector risk exposure.

Over the past year, the fund has delivered a robust return of 15.5%, with a three-year CAGR of 11.7% and a five-year CAGR of 15.6%, showcasing consistent performance across periods.

With a fund size of ₹7731.4 Cr and a low expense ratio of 0.19%, it offers efficient access to the banking sector, managed by Himanshu Mange, who has six years of experience.