Exchange Traded Funds in India
Nifty BeES - Nifty Benchmark Exchange Traded Fund - Nifty BeES invests at least 90% of its total assets in the stocks constituting S&P CNX Nifty Index. It may invest up to 10% of its total assets in stocks not included in the underlying index.
It tracks Nifty index and is an open ended passively managed fund. It does not try to beat the markets. Indexing eliminates risks associated with active management. The fund abstains from voting on any matters with respect to companies whose shares it holds. Dividends are reinvested at the prevailing NAV.
Liquid BeES - Liquid Benchmark Exchange Traded Scheme - The scheme invests in Call Money, Short term Goverment Securities, T-Bills, Repos and Reverse Repos, Debt Securities, Commercial Papers, Certificate of Deposits, Short term Debentures and Floating Rate Notes.
Dividends are reinvested at the prevailing NAV.
Gold BeES - Gold Benchmark Exchange Traded Scheme - The scheme invests 90% - 100% in physical gold and 0% - 10% in Money Market instruments, securitized debts, bonds including cash at call. The scheme tracks domestic price of gold and is an open ended passively managed scheme. There are no dividends in Gold BeEs.
To know more about past performance, expense ratio and tracking error for BeES ETFs click here.
Note - All BeES ETFs which were under the management and administration of Benchmark Asset Management Company (BAMC), the asset management company of Benchmark Mutual Fund (BMF) were acquired by Goldman Sachs in July 2011.
Note - All BeES ETFs which were under the management and administration of Goldman Sachs were acquired by Reliance Mutual Fund in Nov 2016.