Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year

Nippon India ETF Nifty PSU Bank BeES and Kotak Nifty PSU Bank ETF have offered 53.88% and 53.83% returns respectively in the one-year horizon. However, the other schemes in the passively managed banking fund category delivered returns ranging between 12.87% and 13.66%. There are 14 schemes in the category and they are benchmarked against NIFTY PSU BANK - TRI, Nifty Private Bank - TRI, and NIFTY BANK - TRI. Passively managed banking schemes have offered around 18.92% in the last one year horizon.

NIFTY PSU BANK - TRI, the benchmark for toppers in the category offered 54.88% in one year horizon. In the last one year, the share price of PSU banks rose significantly. Bank of Baroda rose by around 96% in the last one year. The shares of the Bank of India also gained by 73%. The share of Punjab National Bank also rose by almost 50% in the last one year.

Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.


Here’s how the passively managed banking funds performed:

Scheme Name	1 Year return (%)
Nippon India ETF Nifty PSU Bank BeES	53.88
Kotak Nifty PSU Bank ETF	53.83
ICICI Prudential Nifty Private Bank ETF	13.66
SBI Nifty Private Bank ETF	13.46
Tata Nifty Private Bank ETF	13.39
UTI Nifty Bank ETF	13.12
ICICI Prudential Nifty Bank ETF	13.00
Edelweiss ETF - Nifty Bank	13.00
Axis NIFTY Bank ETF	12.96
Aditya Birla Sun Life Nifty Bank ETF	12.95
SBI Nifty Bank ETF	12.95
Nippon India ETF Nifty Bank BeES	12.94
HDFC NIFTY Bank ETF	12.92
Kotak Nifty Bank ETF	12.87

Source: ACE MF, Returns as on January 20 2023

Nippon India ETF Nifty PSU Bank BeES and Kotak Nifty PSU Bank ETF also remained toppers in the six month and nine month horizon. They delivered the highest returns in the last six month and nine month time period. Nippon India ETF Nifty PSU Bank BeES delivered 54.75% and 52.96% returns in the last six month and nine month time periods respectively. Kotak Nifty PSU Bank ETF delivered 54.75% and 52.98% returns during the same time period.