Nifty Bees

Nifty BeES, the first ETF in India, is being introduced by BENCHMARK, an

Asset Management Company on January 8, 2002.

Objective:

The Investment objective of Nifty BeES is to provide investment returns that,

before expenses, closely correspond to the total returns of securities as
represented by the S&P CNX Nifty Index.

Dividend

This is being done to distribute income received in the scheme and bring NAV
close to 1/10th of Nifty Index. Thus after the payout of dividend, the NAV of
Nifty BeES will fall to the extent of dividend payout.

About Nifty BeES

One Unit of Nifty BeES is approximately 1/10th of the S&P CNX Nifty Index.
Nifty BeES is listed and traded on the NSE -Capital Market
Segment and is settled in the Rolling Segment on T+2 basis.
Nifty BeES can be settled only in electronic (demat) form

Benefits of BeES
• Simple to Buy / Sell
• Economical
• Convenient
• Liquid
• Neutral
• Transparent
• Instant Diversification
• Equitable Structure
• For Everyone

Scheme Details
Type of Fund Open Ended Exchange Traded Index Fund
Invests in underlying securities of S&P CNX
Investment
Nifty Index
Country of Investment India
Taxation Treatment Equity
Managers Benchmark Asset Management Co. Pvt. Ltd.
Benchmark Index S&P CNX Nifty Index
Exchange Listed National Stock Exchange
Fund Inception Date December 28, 2001
Listing Date January 08,2002
NSE Symbol NIFTYBEES
Pricing (Per Unit) 1/10th of Index
Minimum Lot (Exchange) One unit/share
Minimum Lot (Directly with Fund as per Creation Unit) 10000
Expense Ratio 0.50% annualised
Entry / Exit Load Nil

Buying / Selling Nifty BeES on the NSE

Lot Size 1 Unit
Price Price available on NSE
Eligiblity Any Investor
Know the NSE ticker, call up your broker, place an order, receive
How ?
units on T+2,"works just like any other share"

Buying / Selling Nifty BeES on the NSE

Lot Size 1 Unit
Price Price available on NSE
Eligiblity Any Investor
Know the NSE ticker, call up your broker, place an order, receive
How ?
units on T+2,"works just like any other share"

Buying / Selling Nifty BeEs directly with fund

Lot Size 10,000 Unit
In exchange for basket of Nifty securities and Cash defined
Price
as "Creation Unit"
Eligiblity Authorised Participant /Large Institutions

Corporate Action

NAV per unit(Rs)Cum

Type of distribution Record Date Rate/Ratio
Dividend
Dividend July 9, 2009 Rs. 4.5 per Unit 413.0488
Dividend September 15, 2008 Rs. 5.00 per Unit 414.75
Dividend January 8,2007 Rs. 8.00 per unit 402.754
Dividend February 18,2005 Rs. 3.50 per unit 209.3494
Dividend August 21, 2003 Rs. 3.00 per unit 133.2838
Bonus February 21,2003 1:110 units -

FEATURES
• Buy S&P CNX Nifty Index as share
• Real time NAV and prices close to 1/10th of S&P CNX Nifty Index
• No hassles of margin calls ( like futures)
• Low expense ratio
• Taxation is like a share (Long term Capital Gain is zero and Short Term is
15%)
• Listed and Traded on NSE with symbol NIFTYBEES with a minimum lot size
of 1.