Nippon India ETF Nifty 50 Shariah BeES (G)

Nippon India ETF Nifty 50 Shariah BeES (G) is an Exchange Traded Fund which is benchmarked to Nifty50 Shariah TR INR. Nippon India ETF Nifty 50 Shariah BeES (G) is managed by the Nippon Life India Asset Management Ltd with the fund managers being Himanshu Mange. The Nippon India ETF Nifty 50 Shariah BeES (G) was launched on Mar 18, 2009 with no lock-in period. Since its inception, the fund has delivered 14.1% as a return on investment. The fund has delivered a 1-year return of 26.3%, a 3-year return of 10%, and a 5-year return of 13.6%.

As on 23 Apr, 2024 the NAV of the fund is Rs 482.93 and the AUM is Rs 15.81 crores. The fund charges an expense ratio of 0.96% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty50 Shariah TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The Nippon India ETF Nifty 50 Shariah BeES (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of Nippon India ETF Nifty 50 Shariah BeES (G) with another fund in a similar category. This way you can make a well-informed investment decision.