BSE Scrip Code: 543224

NSE Symbol: HDFCNIFBAN

An open ended scheme replicating / tracking NIFTY Bank Index (TRI)

Investment Objective: The investment objective of the Scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the NIFTY Bank Index, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be realized.

What is the Nifty Bank Index?

The Nifty Bank Index represents the performance of the banking sector in India. It comprises a basket of banking stocks listed on the National Stock Exchange (NSE). The index provides investors with exposure to the banking industry, which plays a vital role in the Indian economy.

Why HDFC Nifty Bank ETF?

• Returns Aligned with Nifty Bank TRI: The ETF aims to replicate the performance of the Nifty Bank Total Return Index (TRI), providing investors with the opportunity to earn returns similar to the Nifty Bank index. This index represents the performance of the banking sector, which plays a crucial role in India's economy.
• Exposure to Multiple Banks in a Cost-Effective Manner: The HDFC Nifty Bank ETF offers a cost-effective investment solution for investors seeking exposure to the banking sector. By investing in this ETF, investors can gain exposure to multiple banks within a single investment.
• Simple and Effective Investment Solution: The HDFC Nifty Bank ETF provides a straightforward investment option for a potential long-term wealth creation. It offers investors a convenient way to participate in the performance of the banking sector, which is an essential component of India's economic growth.

Additional Benefits of the HDFC NIFTY Bank ETF:

• Tracking a Liquid and Large Sector: The ETF tracks the Nifty Bank Index, which consists of the most liquid and large Indian banking stocks, providing investors with exposure to companies considered to be well-established in the sector.

Lower expenses makes investing in HDFC NIFTY Bank ETF a cost-effective way for investors to earn index linked returns.

Who should buy the HDFC Nifty Bank ETF?

The HDFC Nifty Bank ETF is suitable for investors who are interested in gaining exposure to the banking sector in India. It may be particularly suitable for investors who:

• Want to invest in multiple banks through a single investment
• Prefer a low-cost investment option
• Have a long-term investment horizon aimed at wealth creation

What is the ideal investment time horizon for the HDFC Nifty Bank ETF?

The HDFC Nifty Bank ETF is suitable for investors with a time horizon of 3 years and above.

How to buy the HDFC Nifty Bank ETF?

A. On the Stock Exchange: Investors can buy HDFC Nifty Bank ETF units through a stockbroker on the Stock Exchange(s) i.e. NSE/BSE.

B. Directly with the Fund: Market Makers/Large Investors:

On an ongoing basis, Market Makers and Large Investors* may approach the Fund directly for subscription/redemption of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. *The minimum application amount for Large Investors shall be Rs. 25 Crores and in multiples of Creation Unit Size^.

^ Not Applicable till February 28, 2025 for a) Schemes managed by Employee Provident Fund Organisation, India and b) Recognised Provident Funds, approved gratuity funds and approved superannuation funds under Income tax act, 1961. 

 

For current constituents of NIFTY Bank (Total Returns Index), please click here.

For changes to Index constituents, please click here.

For list of Market Makers, click here