Bajaj Finserv Nifty Bank ETF
Bajaj Finserv Nifty Bank ETF is an open-ended exchange-traded fund tracking the Nifty Bank Index. The investment objective of the scheme is to provide returns that are corresponding with the performance of the Nifty Bank Index, subject to tracking errors. The scheme will be benchmarked against Nifty Bank TRI.
The scheme will invest 95-100% in securities of companies constituting Nifty Bank Index (the underlying index), and 0-5% in debt and money market instruments. The scheme will be managed passively with investments in stocks in a proportion to the weights of these stocks in the Nifty Bank Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the scheme.
The creation unit for the scheme is 50,000 units. And each unit will be approximately equal to 1/100th of the value of Nifty Bank Index.
The scheme will be suitable for investors who are seeking wealth creation over the long-term and want an exchange traded fund that seeks to provide returns that correspond to the returns provided by Nifty Bank Index, subject to tracking error.
The principal invested in this scheme will be at very high risk.
Bajaj Finserv Nifty 50 ETF
Bajaj Finserv Nifty 50 ETF is an open ended exchange traded fund tracking the NIFTY 50 Index. The investment objective of the scheme is to provide returns that are corresponding with the performance of the NIFTY 50 Index, subject to tracking errors.
The performance of the scheme will be benchmarked against Nifty 50 TRI.
The scheme will invest 95-100% in securities of companies constituting the Nifty 50 Index (the underlying index), and 0-5% in debt and money market instruments. The scheme will be managed passively with investments in stocks in a proportion to the weights of these stocks in the Nifty 50 Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the scheme.
The creation unit for the scheme is 50,000 units. And each unit will be approximately equal to 1/100th of the value of the Nifty 50 Index.
The scheme will be suitable for investors who are seeking wealth creation over the long-term and want an exchange traded fund that seeks to provide returns that correspond to the returns provided by Nifty 50 Index, subject to tracking error.
Bajaj Finserv Nifty Bank ETF and Bajaj Finserv Nifty 50 ETF will be managed by Sorbh Gupta and Ilesh Savla. The minimum application amount during the NFO period will be Rs 500 and in multiples of Re 1 in both the schemes. The principal invested in these schemes will be at very high risk.
