Objectives
Nifty BeES is the first ETF (Exchange Traded Fund) in India
The Investment objective of Nifty BeES is to provide investment returns that, before expenses, closely correspond to the total returns of securities as represented by the S&P CNX Nifty Index.
Golden Peacock Award
Nifty BeES won the Golden Peacock Award in the Most Innovative Financial Product in 2002-03 Category given by the Institute Of Directors (IOD), Delhi.
Nifty Benchmark Exchange Traded Scheme (Nifty BeES) has been awarded Best Performing Mutual Fund of The Year in the Index Fund Category at the CNBC – TV18 – Crisil Mutual Fund of The Year Award 2007 & 2008.
About Nifty BeES
- One Unit of Nifty BeES is approximately 1/10th of the S&P CNX Nifty Index.
- Nifty BeES is listed and traded on the NSE -Capital Market
- Segment and is settled in the Rolling Segment on T+2 basis.
- Nifty BeES can be settled only in electronic (demat) form
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| About Nifty BeES |
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| Inception Date | December 28, 2001 |
| Benchmark Index | S&P CNX Nifty |
| Exchange Listed | NSE |
| NSE Symbol | NIFTYBEES |
| ISIN | INF732E01011 |
| Bloomberg Code | NBEES IN Equity |
| Reuters Code | NBES.NS |
| ICICI Direct | NIFBEE |
| Pricing (Per unit) | 1/10th of Index |
| Minimum Lot-NSE | One unit/share |
| Minimum Lot-Direct | 10,000 Units |
| Entry/Exit Load | NIL |
| Expense Ratio | 0.50% annualised |
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