00652 FB NIFTY

Fund Details


Investment Objective

The Fund's investment objective is to replicate movements in the Nifty 50 index with INR hedged into TWD.

Fund Characteristic

Fubon Nifty 50 ETF seeks to track the investment results of a broad-based benchmark composed of India equities.

Index Description

  • The NIFTY 50 index is National Stock Exchange of India’s benchmark stock market index for Indian equity market. Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. IISL had a marketing and licensing agreement with Standard & Poor’s for co-branding equity indices until 2013.
  • Nifty 50 Index has shaped up as a largest single financial product in India, with an ecosystem comprising: exchange traded funds (onshore and offshore), exchanged-traded futures and options (at NSE in India and at SGX and CME abroad), other index funds and OTC derivatives (mostly offshore). (By Wikipedia)
  • Principal Investment Strategy

    Scripless with quarterly rebalancing.

    Industry Breakdown

    Item

    (%)

    Consumer Discretionary

    21.58

    Consumer Staples

    8.37

    Energy

    0.92

    Financials

    18.40

    Health Care

    6.66

    Industrials

    20.40

    Information Technology

    9.88

    Materials

    6.46

    Telecommunication Services

    5.02

    Utilities

    2.32

    total

    99.999992

    Top Ten Holdings


      No. Stock Code Stock Name Weighting
      1 RIL IS Reliance Industries Ltd 14.90%
      2 HDFCB IS HDFC Bank Ltd 9.67%
      3 INFO IS Infosys Ltd 7.62%
      4 HDFC IS Housing Development Finance Corp Ltd 6.43%
      5 TCS IS Tata Consultancy Services Ltd 5.40%
      6 ICICIBC IS ICICI Bank Ltd 5.05%
      7 KMB IS Kotak Mahindra Bank Ltd 3.83%
      8 HUVR IS Hindustan Unilever Ltd 3.81%
      9 ITC IS ITC Ltd 3.09%
      10 LT IS Larsen & Toubro Ltd 2.27%

    Source: National Stock Exchange of India Ltd Data as of 2020.09.30