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Nippon India Mutual Fund - Nippon India ETF Nifty 50 Shariah BeES is an exchange traded fund launched by Goldman Sachs Asset Management L.P. The fund is managed by Goldman Sachs Asset Management (India) Private Limited. It invests in the public equity markets of India. The fund seeks to invest in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap companies. The fund seeks to replicate the performance of the CNX Nifty Shariah Index, by investing in the stocks of companies as per their weightings in the index. It was formerly known as Nippon India Mutual Fund - Nippon India ETF Shariah BeES. Nippon India Mutual Fund - Nippon India ETF Nifty 50 Shariah BeES was formed on March 18, 2009 and is domiciled in India.
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