Nifty BeES, the first ETF in India, is being introduced by BENCHMARK, an Asset Management Company on January 8, 2002. Nifty BeES trades on the Capital Market segment of NSE. 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.
ISIN code INF732E01011
NSE symbol NIFTYBEES
Series EQ
Reuters code NBES.NS
Face value Rs. 10
Benchmark Mutual Fund calculates and disseminates real-time NAV for Nifty BeES on its website www.benchmarkfunds.com and on Reuters Page BEES01. For further details you may visit the website www.benchmarkfunds.com Continue reading Nifty BeES – Nifty Index Fund for S&P CNX 50 India→
ETFs are just what their name implies: baskets of securities that are traded, like individual stocks, on an exchange. Unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day like any stock.
Most ETFs charge lower annual expenses than index mutual funds. However, as with stocks, one must pay a brokerage to buy and sell ETF units, which can be a significant drawback for those who trade frequently or invest regular sums of money. Continue reading Exchange Traded Funds (ETFs) in India→
One thought came to me last night when I was trying to see how things can be in the Indian power sector in 5-10 years from now, especially on the Nuclear power side.
NTPC plans to initiate nuclear power. Reliance Power also has plans to set-up a nuclear power plant as well – that may happen, and RNRL could become supplier/owner of Uranium mines. This scenario could come sooner is RNRL lost the court case because they may want to use other options.