Here comes a new product from Benchmark mutual funds - Hangseng Bees. The investment objective of the fund is to provide investment returns that closely correspond to the total returns of securities as represented by the Hang Seng Index. We all know about Nifty Bees which invests in Nifty index scrips and is well traded in NSE. This is a new product by which Indians can buy Hangseng index. This has come at a time when there is lot of interest in tracking Chinese markets.
Details of the scheme:
One Unit of Nifty BeeS is approximately 1/10th of the Hangseng Index, which is currently at 20000, so 1 unit would be Rs.2000. It will be listed and traded on the NSE -Capital Market Segment and is settled in the Rolling Segment on T+2 basis.
The fund is expected to be launched next month.
Get yourselves prepared to buy China ! And don't forget to know about Nifty Bees
Get Connected
Popular Posts
-
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers....
-
Google has launched a contest to solicit ideas about how to help humanity - Google Project 10tothe100 . "To mark our 10th birthday an...
-
Trading holidays for the calendar year 2023. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar ye...
-
Before we get into details of NSE Level 3 Data , it is important to first understand the basic operations of the stock market. All publicl...
-
What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in stand...