Launched in January 2024, HDFC NIFTY PSU BANK ETF is an open-ended scheme (NFO) by HDFC Mutual Fund that aims to deliver returns mirroring the HDFC NIFTY PSU Bank Index (TRI) over the long term, minus fees and expenses. With a minimum investment of Rs 500, the scheme closed for new subscriptions on January 23, 2024.
The investment objective of the Scheme is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY PSU Bank Index, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved.
Funds Allocation
| Type of Instruments | Minimum Allocation (% of Total Assets) | Maximum Allocation (% of Total Assets) | Risk Profile |
| Securities covered by NIFTY PSU Bank Index (TRI) | 95 | 100 | Very High |
| Debt Securities & Money Market Instruments, units of Debt Schemes of Mutual Funds | 0 | 5 | Low to Medium |
Benchmark – NIFTY PSU Bank Index (TRI)
The above Index has been chosen as the benchmark since the Scheme will invest in stocks that are constituents of the NIFTY PSU Bank Index. Thus, the composition of the aforesaid benchmark is such that it is most suited for comparing the performance of the Scheme.
| Category | 3 M | 6 M | YTD | 1 Y | 2 Y | 3 Y | 5 Y |
| Nifty 50 | 10.38% | 7.97% | -0.73% | 19.66% | 10.22% | 13.78% | 14.59% |
| Benchmark: Nifty PSU Bank TRI | 22.33% | 33.00% | 5.99% | 44.23% | 49.46% | 46.77% | 15.19% |
| Category Average | 9.85% | 11.41% | 0.56% | 23.07% | 12.73% | 14.79% | 14.35% |
Name of the Fund Manager
Abhishek Mor and Arun Agarwal
Peer Funds – Historical Returns
| Particulars | Nippon Ind ETF Nifty PSU Bank BeES | Nippon Ind ETF Nifty Bank BeES | Kotak Nifty Bank ETF | SBI Nifty Bank ETF | ICICI Pru Nifty Bank ETF |
| Net Asset(Rs Cr) | 1,846 | 6,516 | 4,723 | 4,663 | 3,464 |
| Return Since Launch (%) | 5.91 | 16.51 | 10.7 | 11.23 | 9.39 |
| Riskometer | Very High | Very High | Very High | Very High | Very High |
| Expense Ratio (%) | 0.49 | 0.19 | 0.16 | 0.2 | 0.15 |
| Fund Age | 16Y 2M | 19Y 7M | 9Y 1M | 8Y 10M | 4Y 6M |
| Portfolio Turnover (%) | 84 | 31 | 22.87 | 23 | 38 |
| Historical Returns (in %) | |||||
| 1 Month | 3.07 | -4.55 | -4.55 | -4.55 | -4.55 |
| 3 Months | 18.07 | 4.41 | 4.41 | 4.41 | 4.41 |
| 6 Months | 31.18 | 0.25 | 0.23 | 0.24 | 0.25 |
| 1 Year | 40.8 | 8.74 | 8.65 | 8.71 | 8.74 |
| 2 Years | 46.98 | 10.31 | 10.23 | 10.3 | 10.34 |
| 3 Years | 45.84 | 12.65 | 12.58 | 12.65 | 12.71 |
| 5 Years | 14.05 | 10.75 | 10.68 | 10.77 | — |
| 7 Years | 9.54 | 13.38 | 13.34 | 13.39 | — |
| 10 Years | 9.83 | 15.65 | — | — | — |
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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