Edelweiss
Nifty Bank ETF
An open-ended exchange traded scheme replicating/tracking Nifty Bank Total return index.
Data as on 31st October, 2024
| Investment Objective : The investment objective of the scheme is to provide returns before expenses that correspond to the total returns of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the Scheme will be achieved. |
|
| Inception Date | 06-Sep-24 |
| Benchmark | Nifty Bank TRI |
| Fund Managers Details | Mr. Bhavesh Jain Experience 16 years Managing 06-Sep-24 |
| Minimum Investment Amount | Through the stock exchange - 1 unit & in multiplies thereof. Directly with the Mutual Fund - in creation unit size i.e., 10,000 units & in multiplies thereof. |
| Creation unit size | 10,000 |
| Exit Load | NIL |
| Total Expense Ratios~: | Edelweiss Nifty Bank ETF 0.07% |
| Tracking Error: | Direct: 0.03% |
| Month End AUM |
Rs. 10.91 Crore
|
| Monthly Average AUM |
Rs. 14.62 Crore
|
|
(as on October 31, 2024)
|
51.4360
|
|
Name of Instrument
|
Industry
|
% to Net Assets
|
| Equities | 99.85% | |
| HDFC Bank Ltd. | Financial Services | 28.68% |
| ICICI Bank Ltd. | Financial Services | 24.63% |
| State Bank of India | Financial Services | 10.11% |
| Axis Bank Ltd. | Financial Services | 8.90% |
| Kotak Mahindra Bank Ltd. | Financial Services | 8.90% |
| IndusInd Bank Ltd. | Financial Services | 4.22% |
| The Federal Bank Ltd. | Financial Services | 3.02% |
| Bank of Baroda | Financial Services | 2.83% |
| IDFC First Bank Ltd. | Financial Services | 2.63% |
| Canara Bank | Financial Services | 2.09% |
| AU Small Finance Bank Ltd. | Financial Services | 2.08% |
| Punjab National Bank | Financial Services | 1.76% |
| Cash & Other Receivables | 0.15% | |
| TREPS_RED_04.11.2024 | 0.37% | |
| Cash & Cash Equivalent | -0.22% | |
| Grand Total | 100.00% |
The scheme has been in existence for less than 6 months, hence performance has not been disclosed
Notes:
# Large Investors can directly purchase / redeem in blocks from the fund in “Creation unit size” subject to the value of such transaction is greater than threshold of INR 25 cr. (Twenty-Five crores) and such other threshold as prescribed by SEBI from time to time.
Tracking error is annualised and is calculated based on past one year data.
“Tracking error is annualised and is calculated based on past one year data as available.” In Nifty Bank ETF.
This Product is suitable for investors who are seeking*:
- Long term capital appreciation
- Returns that are in line with the performance of Nifty Bank
- Total Return index, subject to tracking errors.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal will be at Very High Risk
Benchmark Riskometer: Nifty Bank TRI
Investors understand that their principal will be at Very High Risk