Bajaj Finserv Mutual Fund has launched two new ETFs, Bajaj Finserv Nifty 50 ETF and Bajaj Finserv Nifty Bank ETF. Both ETFs are open-ended and have a minimum subscription amount of Rs. 500. They aim to track the performance of the Nifty 50 Index and the Nifty Bank Index, respectively. There are no entry loads and no exit loads for units sold through the secondary market. However, brokerage charges on sales through the stock exchange will be borne by the investors. Large investors can redeem units directly with the fund at applicable NAV-based prices if the redemption amount exceeds Rs 25 crore.
The investment objective of the Scheme(NFO) is to provide returns that correspond with the performance of the NIFTY 50 Index and Nifty Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved
Funds Allocation
| Instruments | Indicative Allocations | Risk Profile |
| Securities of companies constituting Nifty and Nifty Bank Index (the Underlying Index) | Maximum 100% | Very High |
| Minimum 95% | ||
| Debt and money market instruments | Maximum 5% | Low to Moderate |
| Minimum 0% |
Fund Managers
Sorbh Gupta, Age: 43 years, Experience: 16 years
Ilesh Savla, Age: 46 years, Experience: 23 years
Historical Returns of Similar ETFs – Nifty
| Returns | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 7 Years | 10 Years |
| SBI Nifty 50 ETF | 13.09 | 24.37 | 11.06 | 16.4 | 16.35 | 16.03 | — |
| UTI Nifty 50 ETF | 13.09 | 24.38 | 11.07 | 16.41 | 16.35 | 16.04 | — |
| Nippon Ind ETF Nifty 50 BeES | 13.1 | 24.4 | 11.09 | 16.43 | 16.38 | 16.05 | 14.53 |
Above returns are in %
Historical Returns of Similar ETFs – Nifty Bank
| Returns | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 7 Years | 10 Years |
| SBI Nifty Bank ETF | 7.55 | 14.91 | 12.66 | 14.8 | 11.9 | 14.25 | — |
| Nippon Ind ETF Nifty Bank BeES | 7.56 | 14.94 | 12.67 | 14.8 | 11.88 | 14.24 | 16.07 |
| Kotak Nifty Bank ETF | 7.54 | 14.85 | 12.59 | 14.73 | 11.82 | 14.2 | — |
| ICICI Pru Nifty Bank ETF | 7.56 | 14.94 | 12.7 | 14.86 | — | — | — |
| UTI Nifty Bank ETF | 7.57 | 14.98 | 12.78 | 14.9 | — | — | — |
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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