Reliance ETF Bank BeES - Latest NAV, Returns, Performance & Portfolio

Reliance ETF Bank BeES

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    14.1%
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    (--12.86)3050.3723

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Fund Summarystar

PeriodReturns(per year)
10 Years13.68%
5 Years14.1%
3 Years15.56%
1 Year19.62%
6 Months-0.14%
Fund Details
ISININF732E01078
RiskHigh Risk
Fund TypeSector - Financial Services
NAV3050.3723
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd30.83%
ICICI Bank Ltd18.63%
Kotak Mahindra Bank Ltd13.49%
Axis Bank Ltd13.06%
State Bank of India10.12%
IndusInd Bank Ltd7.26%
The Federal Bank Ltd1.59%
RBL Bank Ltd1.31%
Yes Bank Ltd1.21%
Bank of Baroda1.06%

About Reliance ETF Bank BeES

The Reliance ETF Bank BeES is an open-ended Index, Exchange Traded Scheme. Further, it is a Rajiv Gandhi Equity Savings Scheme (RGESS) qualified scheme (the tax benefits are now discontinued). It seeks to provide long-term capital appreciation by investing in securities which are covered by the Nifty Bank Index.

Pros & Cons of Reliance ETF Bank BeES

  1. The AMC uses a “passive” or indexing approach to try and achieve the Scheme’s investment objective.
  2. It invests around 95% of its total assets in the stocks of the underlying index. As on September 30, 2018, the scheme is not ranked under CRISIL’s Index Funds/ ETFs category.
  3. Further, it has generated returns of 18.61% per year over the last 10 years (as on December 31, 2018).

Fund Information and Statistics of Reliance ETF Bank BeES

i) Inception / Launch Date

The scheme was launched on 27 May 2004 by Reliance Mutual Fund.

ii) Risk Level

The scheme is suitable for investors seeking long-term capital appreciation and primarily invests in securities covered by the Nifty Bank Index. It has a High risk-level.

iii) Redemption

The investor can redeem a minimum of 1000 units (and multiples thereof). The Mutual Fund will dispatch the redemption proceeds within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager(s)

Mr. Vishal Jain is the Fund Manager of the Reliance ETF Bank BeES.

v) Entry / Exit Load

There is no entry load or exit load in this scheme.

Tax benefits of investing in Reliance ETF Bank BeES

The following taxes are applicable to income arising from investing in this scheme:

  • If the units are held for a period of less than 12 months – STCG tax – 15 percent on redeemed units.
  • If the units are held for a period of more than 12 months – LTCG tax – 10 percent without indexation benefits.-

About Reliance Mutual Fund

Reliance Mutual Fund was launched in June 1995 and is one of the leading Mutual Fund houses in the country. It was formed to launch various mutual fund schemes under which it can issue units to investors with a view to contribute to the capital market and offer the investors an opportunity to earn reasonable returns. Currently, it offers a wide range of schemes to suit the requirements of different types of investors.

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Frequently Asked Questions

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