IIFL NIFTY ETF is being managed by Manish Bandi. The fund’s performance in the past six months of its existence has been slightly better than of its benchmark index. The fund is expected to mirror returns of S&P CNX Nifty. We advise investors against buying in a fund that has less than minimum of 3 years of performance record. 

Where does IIFL NIFTY ETF invest your money?

IIFL Nifty ETF Fund is a passively managed index fund which means your money will be invested in stocks of companies listed in the Nifty index. The fund manager’s job ends at allocating funds in stocks in the same proportion as found in Nifty index. It has 97.91% exposure to large size companies and when 2.09% in mid cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies. And just to give kicker returns the fund has some exposure in mid cap companies as well. 

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth
  • Short term needs
  • Lifestyle needs
How has IIFL NIFTY ETF performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Sep 2011 your value of investments would be around Rs 1.21 lakhs. Assume you had invested Rs 10,000 every month in IIFL Nifty ETF Fund through SIP from the month of inception, today you would have around Rs 2.10 lakhs. 

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

There is no exit load for units withdrawn. Expense ratio of IIFL Nifty ETF Fund is 0.25%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

Tax treatment of ETFs is the same as that on equity mutual funds. Returns are completely tax free, provided you do not withdraw within 1 year. 

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