Nippon India ETF Junior BeES

Nippon India Mutual Fund, formerly Reliance Mutual Fund, is an asset management company (AMC) that was formed as result of Japan’s Nippon Life Insurance Company buying Reliance’s stake. The fund house offers a host of products tailored for investors to meet their varied investment goals.

Investment Objective of Nippon India ETF Junior BeES

The main objective of the Nippon India ETF Junior BeES fund is to offer returns that are consistent with the returns of Securities that are represented by Nifty Next 50 Index.

Key Features of Nippon India ETF Junior BeES

Some of the features of the Nippon India ETF Junior BeES have been listed below:

Type of fund

Open-ended index scheme

Plans available

This scheme offers only growth option


Moderately high

Systematic Investment Plan

Not available

Systematic Transfer Plan

Not available

Systematic Withdrawal Plan

Not available

Investment Amount for Nippon India ETF Junior BeES

Minimum application amount

Directly with Fund

16,000 units are the minimum number of units that can be purchased. All the purchases are done in multiples of 16,000.

On the exchange

Purchase or sale can be made of 1 Unit and in multiples of 1 unit.

Entry load


Exit load


There is no condition to maintain any minimum balance in this scheme.

Asset Allocation for Nippon India ETF Junior BeES


Indicative asset allocation (% of total assets)




Securities covered by Nifty Next 50 Index



Medium to High

Money Market Instruments, cash and cash equivalents, CBLO



Low to Medium

Who can invest in Nippon India ETF Junior BeES

The following people are eligible to invest in Nippon India ETF Junior BeES units:

  • Resident Indians, can opt either for a single or a joint investment (should not exceed three).
  • Non-Resident Indians (NRIs).
  • Parents or lawful guardians making investments on behalf of minors.
  • Hindu Undivided Families (HUFs).
  • Banks.
  • Partnership firms.
  • Mutual Funds that have been registered with SEBI.
  • QFIs.
  • Foreign Institutional Investors that are registered with the SEBI.
  • Army, navy, air force and other organisations that are eligible.
  • Registered societies, charitable, or religious trusts and trusts that have the been given the authority to invest in mutual fund schemes.
  • Organisations that are doing scientific and industrial research.
  • Institutions, associations, and bodies that have been authorised to make investments in units.
  • Multilateral funding agencies that are outside India but have got the permission for the RBI or Government of India.
  • Overseas financial organisations that have entered into an agreement to invest in funds in India on mutual funds that have been registered with the SEBI. This arrangement has to be approved by the Government of India.
  • Insurance companies and insurers registered with the Insurance Regulatory Development Authority.

NAV Disclosure and Benchmark for Nippon India ETF Junior BeES

The NAV of the Nippon India ETF Junior BeES is generally calculated on all working days. This NAV of the scheme is published in at least two newspaper that have a reach all over the country. This is done on every working day. The NAVs will be updated on the website by the AMC (www.Nippon and www.Nippon and on the AMFI website. This updation is done by 9:00 p.m. on every working day. A complete statement of the portfolio will be published by the AMC on or before the 10th of the following month on the mutual fund website (www.Nippon and www.Nippon

The Benchmark of the Nippon India ETF Junior BeES scheme is Nifty Next 50 Index.

Fund Manager of Nippon India ETF Junior BeES

Payal Wadhwa Kaipunjal is the fund manager of Nippon India ETF Junior BeES and has more than 14 years of experience managing funds.

Investment Restrictions of Nippon India ETF Junior BeES

Some of the investment restrictions of the fund have been listed below:

  • Term loans will not be advanced for any purpose whatsoever.
  • More than 10% of the NAV cannot be invested by the scheme in debt instruments that have been issued by a single issuer. This should not be rated below the investment grade by a credit rating agency that has been given the authority to do the same under the SEBI Act.
  • More than 10% of the scheme shall not be invested in unrated debt instruments. The total investments in this case should not exceed more 25% of the NAV of the scheme.
  • Investments can be made by the scheme in another mutual fund, either in the same AMC or another mutual fund altogether without making any charges. The scheme should however not exceed 5% of the NAV of the fund.
  • The fund shall sell and buy securities on the basis of deliveries and shall take delivery of relative securities in all purchase cases.
  • More than 5% of the NAV shall not be invested in unlisted equity shares or equity related securities by the scheme.
  • No investments shall be made by the scheme in fund of funds scheme.
  • Since this is an index scheme, no investments will be made by the scheme on securitized debt.
  • Under this scheme, the fund will not own more than 10% of the paid up capital carrying voting rights of any company.
  • Securities may be lent by the scheme in accordance to SEBI regulations.
  • The aggregate value of illiquid securities shall not exceed more than 15% of the total assets of the scheme.
  • The SEBI regulations that are applicable for investments made on mutual funds will be followed by the scheme from time to time.

Dividend Policy of Nippon India ETF Junior BeES

Dividends may be declared by the Trustee to the unit holders in case there is an availability of a surplus. The frequency of the distribution of these dividends is entirely up to the decision of the Trustee. This dividend will be paid to the investors whose name appear on the register of unit holders on the record data that has been fixed for the scheme. The net tax will be deducted from the dividend that is to be paid to the unit holder within 30 days from the date the dividend was declared. There is no assurance or guarantee provided to the investors that a dividend will be paid to them regularly. Dividends that are paid to the unit holders will always be in compliance with NSE and SEBI regulations.

Why you should invest in Nippon India ETF Junior BeES

Nippon India Mutual Funds has managed to become one of the biggest mutual fund companies in India and has been growing at a very quick pace in the country. They offer a number of different investment options that cater to the needs of all the investors.

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