Banking Index Benchmark Exchange Traded Scheme (Bank BeES) is an Open Ended Index Fund listed on the National Stock Exchange in the form of an Exchange Traded Fund (ETF) tracking the CNX Bank Index.

Bank BeES is designed to provide returns that closely correspond to the total returns of stocks as represented by the CNX Bank Index.

Unit of Bank BeES has a face value of Rs.10/- each and will be approximately equal to 1/10th of the value of the CNX Bank Index.

Bank BeES have benefits of index funds such as low cost and a transparent portfolio.

ISIN code	INF732E01078
NSE symbol	BANKBEES
Series	EQ
Reuters code	BBES.NS
Face value	Rs. 10

Bank BeES can be bought / sold like any other stock on the National Stock Exchange of India Ltd. (NSE) or the Authorised Participants and Large Investors can directly buy/sell units with the Fund in Creation Units Size.

As Bank BeES can be bought / sold directly from the Fund, this mechanism provides efficient arbitrage between the traded prices and the NAV, thereby reducing the incidence of Bank BeES being traded at premium / discounts to NAV.

The structure of Bank BeES is such that it does not hurt long-term investors from the inflow and outflow of short-term investors. This is because the fund does not bear extra transaction cost when buying / selling due to frequent subscriptions and redemptions.

Due to the various advantages, ETFs is one of the fastest growing fund structures in the world. Bank BeES will be available in Dematerialized form. This will help in consolidating with other portfolio holdings.

Benchmark Mutual Fund calculates and disseminate real-time NAV for Bank BeES on its website www.benchmarkfunds.com and on Reuters Page BEES01 .

For further details you may visit the website www.benchmarkfunds.com.