Nippon India ETF Liquid BeES

Here are some of the key features of Nippon India ETF Liquid BeES:

Investment Amount for Nippon India ETF Liquid BeES

Asset Allocation for Nippon India ETF Liquid BeES

Who can Invest in Nippon India ETF Liquid BeES?

1. Indian residents above 18 years of age
2. Non-resident Indians
3. Legal guardians or parents on behalf of minors
4. Kartas of Hindu Undivided Families
5. Partnership firms
6. Proprietors
7. Body of Individuals (BOI) and Association of Persons (AOP)
8. Companies, Public Sector Undertakings, Corporate bodies and societies with registration under the Societies Registration Act, 1860
9. Schemes of other mutual funds provided they are registered with the Securities and Exchange Board of India
10. Banks (Regional Rural Banks and Co-operative Banks included)
11. Charitable and Religious Trusts, endowments or wakfs of private trusts, and private trusts that have the authority to make investments in MF schemes under their trust deeds
12. Foreign Portfolio Investors (FPIs)
13. Qualified Foreign Investors (QFIs)
14. Navy, Air Force, Army and other paramilitary bodies or units
15. Industrial and scientific research organisations
16. Corporate bodies and multilateral funding agencies formed outside the country with the authorisation of the Reserve Bank of India and the Government of India
17. Gratuity, Pension, or Provident Fund
18. Sponsor, Asset Management Company, Trustee, or their associates
19. Other schemes of the company's mutual fund provided they adhere to the limits and conditions set by the Securities and Exchange Board of India
20. Any other corporate bodies, institutions, or individuals as permitted by the fund house from time to time

NAV Disclosure and Benchmark for Nippon India ETF Liquid BeES

The Net Asset Value, or NAV as it is known in its abbreviated form, is calculated by dividing the scheme's net assets by its outstanding units. For instance, if the total net assets of a scheme are worth Rs.50 lakh, and the number of outstanding shares is 1 lakh, the NAV of said scheme shall be Rs.50 per share.

The formula used for the computation of NAV is as follows:

(Fair Value or Market Value of the Scheme's investment + Current Assets - Current Liabilities and Provisions) / Number of units outstanding under the scheme

The computation of the scheme's NAV is calculated throughout the year and disclosed at the end of each business day.

Benchmark Index of Nippon India ETF Liquid BeES:

The benchmark adopted by Nippon India ETF Liquid BeES is Nifty 1D Rate Index.

Nippon India ETF Liquid BeES Fund Manager

Nippon India ETF Liquid BeES is managed by Siddharth Deb, who has been in charge of the fund since November 2016. He has more than 12 years of experience in the field along with a B.Sc and MMS in Finance.

Investment Restrictions of Nippon India ETF Liquid BeES

Nippon India ETF Liquid BeES has certain restrictions. The main ones are as follow:

1. The scheme is not allowed to advance any loans.
2. Over 10% of the Net Asset Value of the fund cannot be invested in debt securities from a single issuer if these securities are rated above investment grade by a credit rating agency. The aforementioned limit could rise to 12% provided that prior approval has been received from the Asset Management Company and the Trustee Company's Board of Directors.
3. Over 10% of the Net Asset Value of the fund cannot be invested in un-rated debt securities made available by a single issuer and the overall investment of the aforementioned investments cannot be more than 25% of the scheme's NAV.

Dividend Policy of Nippon India ETF Liquid BeES

The scheme will try to declare dividend regularly in order to ensure that the NAV of the scheme's units is maintained at Rs.1,000, which is its face value. Dividend will be declared by the fund only if the scheme's NAV is in excess of its face value. Moreover, the declaration of dividend is at the sole discretion of the Asset Management Company.

Why you should invest in Nippon India ETF Liquid BeES

Nippon India Mutual Fund is one of the most popular and trusted names in the Indian mutual fund industry. The company has a wide variety of mutual funds across asset classes to help meet the investment requirements of a diverse customer base. Nippon India ETF Liquid BeES is an option worth considering if you want a low-risk investment instrument that provides high liquidity.