Banking Index Benchmark Exchange Traded Scheme (Bank BeES) is an Open Ended Index Fund listed on the National Stock Exchange in the form of an Exchange Traded Fund (ETF) tracking the CNX Bank Index.
Bank BeES is designed to provide returns that closely correspond to the total returns of stocks as represented by the CNX Bank Index.
Unit of Bank BeES has a face value of Rs.10/- each and will be approximately equal to 1/10th of the value of the CNX Bank Index. Bank BeES have benefits of index funds such as low cost and a transparent portfolio.
