Nippon India ETF Shariah BeES - Regular - Latest NAV [ ₹456.3888 ], Returns, Performance, Portfolio & Returns 2021

Nippon India ETF Shariah BeES

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Fund Summarystar

PeriodReturns(per year)
10 Years14.84%
5 Years17.89%
3 Years21.24%
1 Year53.03%
6 Months24.44%
Fund Details
RiskVery High Risk
Fund TypeLarge-Cap
Exit Load--

More about this fundstar

Top HoldingsWeightage
Infosys Ltd28.9%
Tata Consultancy Services Ltd17.92%
Hindustan Unilever Ltd11.11%
Asian Paints Ltd6.59%
HCL Technologies Ltd5.86%
Tech Mahindra Ltd4.1%
Nestle India Ltd3.16%
Divi's Laboratories Ltd3.01%
Grasim Industries Ltd2.62%
Dr Reddy's Laboratories Ltd2.61%

About Reliance ETF Shariah BeES

Reliance ETF Shariah BeES is an open-ended index scheme that tracks the Nifty50 Shariah index. The objective of the scheme is to replicate the return of the securities as represented by the Nifty50 Shariah index. The scheme invests 90% of assets in securities from the Nifty50 Shariah index in the same proportion as in the index.

Pros & Cons of Reliance ETF Shariah BEES

Reliance ETF Shariah BeES offers following benefits:

  1. The fund offers an option to invest in Shariah-compliant companies.
  2. It allows certain investors to invest in S&P CNX 500 and the S&P Nifty companies while still ensuring that their investments remain Shariah compliant.
  3. Reliance ETF Shariah BeES can help in long-term capital appreciation.

Fund Information and Statistics of Reliance ETF Shariah BeES

i) Inception / Launch date

The Reliance ETF Shariah BeES was launched on March 18, 2009, by Reliance Mutual Funds.

ii) Risk level

Reliance ETF Shariah BeES is a moderately high-risk bet and suitable for investors seeking long-term capital appreciation.

iii) Redemption

The mutual fund units can be redeemed using the unit holders securities account. The units can be bought and sold directly on the exchange.

iv) Fund Manager

The fund is managed by Mehul Dama since November 2018. He is a CA & B. Com and has previously worked with Goldman Sachs Asset Management (India) Private Ltd, Benchmark Asset Management Company Private Ltd, and Lovelock & Lewes.

v) Entry / Exit load

The fund house does not charge any entry load and exit load.

Tax benefits of investing in Reliance ETF Shariah BEES

A 15% short-term capital gain tax along with surcharges is levied, whereas the long-term capital gain tax would be 10% without indexation along with additional surcharges. A dividend distribution tax of 10% will also be levied.

About Reliance ETF Shariah BEES

Reliance Mutual Funds came into existence on June 30, 1995, as Reliance Capital Mutual Fund. However, it got its current name in 2004 when the term capital was dropped from the name. It has Average Assets Under Management (AAUM) of Rs 2,44,843.44 Crores and is present in 160 cities. It aims to ensure reasonable returns on unit holders’ savings.

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Frequently Asked Questions

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Start your investment

Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Very High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns