The Nippon India ETF Nifty 50 Shariah BeES (ticker: SHARIABEES) is an exchange-traded fund (ETF) managed by Nippon India Mutual Fund. It aims to replicate the performance of the Nifty 50 Shariah Index by investing in its constituent stocks in the same proportion. The Nifty 50 Shariah Index comprises large-cap companies from the Nifty 50 that meet specific Shariah compliance criteria.
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Nippon India ETF Shariah BeES is an Exchange Traded Fund (ETF) that tracks the performance of the Nifty 50 Shariah Index. This index comprises Shariah-compliant stocks from the broader Nifty 50 Index, offering investors a way to participate in the Indian equity market while adhering to Islamic investment principles. The ETF aims to provide returns that closely mirror the total returns of the underlying Nifty 50 Shariah Index, before accounting for expenses. Launched on March 18, 2009, this ETF is managed by Nippon India Mutual Fund. It invests primarily in the constituent securities of the Nifty 50 Shariah Index in the same proportion, following a passive investment strategy. The units of the ETF can be bought and sold on the National Stock Exchange of India (NSE) under the ticker symbol "SHARIABEES," similar to trading in individual stocks through a demat account.
Particulars | Details |
Fund Name | Nippon India ETF Nifty 50 Shariah BeES |
ETF Symbol | SHARIABEES |
Founded in | 2009 |
AUM | ₹32 Cr |
Risk | Very High |
Total Expense Ratio | 0.96 |
No. of Stocks | 16 |
Portfolio P/E Ratio | 25.93 |
Portfolio P/B Ratio | 4.95 |
Fund Manager | Jitendra Tolani |
Stocks | Sectors | % of holding |
Tata Consultancy Services Ltd. | Technology | 18.66% |
Hindustan Unilever Ltd. | Consumer Staples | 10.16% |
Sun Pharmaceutical Industries Ltd. | Healthcare | 9.48% |
HCL Technologies Ltd. | Technology | 8.56% |
Ultratech Cement Ltd. | Materials | 6.78% |
Trent Ltd. | Services | 6% |
Asian Paints Ltd. | Materials | 5.36% |
Oil And Natural Gas Corporation Ltd. | Energy | 4.85% |
Coal India Ltd. | Materials | 4.58% |
Tech Mahindra Ltd. | Technology | 4.56% |
Cipla Ltd. | Healthcare | 4.11% |
Nestle India Ltd. | Consumer Staples | 4.09% |
Dr. Reddy's Laboratories Ltd. | Healthcare | 3.54% |
Apollo Hospitals Enterprise Ltd. | Healthcare | 3.39% |
Tata Consumer Products Ltd. | Consumer Staples | 3.31% |
Hero Motocorp Ltd. | Automobile | 2.45% |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
1 Year | 3 Year | 5 Year | All | |
Fund Returns | 2.3% | 4.0% | 16.3% | 13.3% |
Category Average | 7.2% | 12.9% | 21.9% | - |
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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