What is Nifty BeES?
Nifty BeES, a combination of a share and a mutual fund unit, trades on the capital market segment of NSE. Nifty BeES (Benchmark Exchange Traded Scheme)—the first exchange traded fund (ETF) in India—seeks to provide investment returns that closely correspond to the total returns of securities as represented by the S&P CNX Nifty Index. Nifty BeES, a combination of a share and a mutual fund unit, trades on the capital market segment of NSE (National Stock Exchange). Each Nifty BeES unit is 1/10th of the S&P CNX Nifty Index value. Nifty BeES units are traded and settled in dematerialised form like any other share in the rolling settlement. Thus, it allows you to trade real-time on NSE and gives you real-time indicative NAV (net asset value). Nifty BeES offers the benefits of diversification, index tracking and low expenses. Nifty BeES can be bought / sold like a share through any NSE terminal at prices available on the screen. The underlying portfolio of Nifty BeES very clos