This is a long-term product, so avoid it if you have a time horizon for a year or so. But if you're in for a long haul, Nifty BeES provides an excellent opportunity.
Wednesday, October 8, 2008
Benchmark Nifty BeES
With equity markets tumbling, one of the best and probably also one of the safest things to buy in stock market today is Nifty BeES. This is an exchange-traded fund (ETF) by Benchmark MF. It tracks the Nifty. No fund managerial risk involved here since ETFs are passively-managed funds, and the least tracking error amongst all ETFs / index funds. It also comes from the house of Benchmark MF- a MF that managed and specialises only in ETFs. Cost structure is also low here.