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It is a unique AAA rated Liquid Fund that is listed and traded on the Capital Market Segment of the National Stock Exchange of India Ltd. (NSE) just like a share. It is the first and only Liquid Exchange Traded Fund (ETF) in the World.
FREQUENTLY ASKED QUESTIONS (FAQS)
EARN BETWEEN TRADES
2. Why should I use Liquid BeES?
• The returns accrue to the investors in the form of daily dividend, which is compulsorily reinvested in the Scheme • Units of Liquid BeES are uploaded up to 3 decimals
• The Face Value of each unit of Liquid BeES is Rs. 1000 and the Fund endeavors to keep the daily NAV at Rs. 1000. Since its launch (July 2003) the NAV has been constant at Rs. 1000 • The units arising out of dividend reinvestment are credited to the beneficiary (Demat) account of the investors at least once in 30 days • NSDL and CDSL have waived all charges (i.e. custody and transaction charges)
3. How will I receive my returns?
4. How do I sell Fractional Units?
of Liquid BeES. The only effort required here is to send a security transfer instruction to your DP (You can avoid this if you are using speed-e facility or have given power of attorney to your Broker / DP) relating to Liquid BeES.
The Fund declares daily dividend. If you have units in your Demat account, you become entitled to this dividend. The dividend declared is reinvested in the form of units of Liquid BeES after deducting Dividend Distribution Tax; hence the returns in your hands are absolutely TAX FREE. If you regularly invest in Liquid BeES, it makes sense to let the fractions accumulate and become whole units. Since there is no custody charge, it does not cost you anything to keep fractions in your Demat Account. However if you decide to sell, you can sell whole units on the market, while for the fractions, Benchmark AMC offers anytime buyback of fractional units directly free of charge.
If Liquid BeES are used, while buying any shares the process of redemption from a Liquid Fund and depositing a cheque to the broker can be avoided. The only thing you need to do is instruct your broker to buy the shares you want and sell equivalent amount
Liquid BeES is a very efficient and convenient solution for utilizing your cash balance between trades in equity market (NSE). When you sell your shares on NSE, you can instruct your broker to purchase Liquid BeES of equal amount. This will ensure that from the date of settlement (T+2) you will start earning dividends. Also you do not have to go through the hassles of receiving a cheque, depositing it in your bank and after clearance, investing it in a Liquid Fund.
5. What are the advantages of investing in Liquid BeES?
You can also transfer fractional units to any other Demat account to make it a rounded off unit.
• Set off trades from Equity to Cash and from Cash to Equity in the same settlement • Earn returns on idle funds without moving to the banking system Tax Free returns in the hands of the investor • Reduce credit risk on brokers • Can be used for paying margins to brokers
An illustrative list is provided in Annexure I.For Brokers • Reduce back office load and smoothens cash flows • Reduce credit risk on investor • Pay Margins to the Stock Exchanges with 10% hair cut (As "Cash or Cash Equivalent" for the Cash Component portion of the Additional Base Capital and Margins) 6. V1+ (ind): Funds rated V1+ (ind) are considered to have the lowest market risk. AAA (ind): Funds rated AAA (ind) gives highest protection against losses from credit defaults. is the Investment Manager to Benchmark Mutual Fund. hold or sell any securities. please call our toll free number or visit our website. The investment objective of the Scheme is to enhance returns and minimize price risk by investing in basket of call money. What are the returns delivered by Liquid BeES? You will always find a two-way quote of 999. before buying Liquid BeES. short term government securities and money market instruments of short and medium maturities while maintaining the safety and liquidity. One can trade very large amount at these rates and hence the maximum impact cost for any size of trade is 0.99 – 1001. 8. An investor must confirm Zero Transaction Cost for Liquid BeES from the respective DP. Fitch Rating India Pvt. How can I buy/sell Liquid BeES directly from the Fund? 10.What is the Investment Objective? Other Specifications: Exchange Listed of India Ltd ISIN NSE Symbol 1) DP Charges: The transaction cost is Zero.What is Benchmark Asset Management Company all about? Entry / Exit Load Other Codes Reuters – LBES. Ltd. Returns are in line with those of other Daily Dividend Liquid Funds. The following brokers will be levying only Statutory Transaction Charges like stamp duty. before buying Liquid BeES. 25.60% p. The investor must confirm the brokerage rates from the respective broker. Ltd has assigned the following ratings to Liquid BeES.NS One unit/share Minimum Lot Total Expense Ratio ICICI Direct – LIBEES 0. 12.001% which is roughly a tenth of the daily dividend.a. . National Stock Exchange LIQUIDBEES Nil INF732E01037 Fitch India’s ratings are opinions on credit quality only and are not recommendations to buy.00.500 units (Rs.What is the rating of Liquid BeES? 11. What are the charges for buying/selling Liquid BeES? There are mainly two charges that an investor may incur: 9.01 for large amounts on either side. turnover charge etc. The rating of Fitch is not an opinion on AMC’s willingness or ability to make timely payment to investors. Bloomberg – LBEES:IN 2 Benchmark Asset Management Company Pvt. Securities Transaction Tax is not applicable to Liquid BeES as it is debt fund. For further details. 7. What is the impact cost of liquidity of Liquid BeES on NSE? Some of the Broker/DP’s as mentioned in the list have made this product virtually free of any transaction costs for their clients. An investor can buy/sell 2.000) and in multiples of 1 units thereafter directly with the Fund. 2) Brokerage Charges: There are many brokers who charge nil / negligible brokerage (to cover statutory charges) for the trades on Liquid BeES. if an investor has a Demat Account with any of the following Depository Participants mentioned in Annexure I. For recent performance and the fact sheet please call our toll free number or visit our website. It is the first and only company with focus on Indexing and Quantitative Asset Management style.
SKI Capital Services Ltd. Birla Sunlife Securities Ltd. LKP Securities Ltd. Ltd. 69. Ltd. Ltd. Inter . 7. UTI Bank Ltd. 85. 37. 57. Refco . Abhipra Capital Ltd. India Infoline Securities Pvt. 39. 82. Manali Trading & Holdings Pvt. Arihant Capital Markets Ltd. Ltd. Ltd. Frontline Capital Services Ltd. Ltd. 59. 44. 41. Dalal & Broacha Stock Broking Pvt. 54. Manubhai Mangaldas Securities Pvt.> Currently it manages 9 Mutual Fund Schemes out of which 6 are Exchange Traded Funds. Crosseas Capital Services Pvt. The Omniscient Securities Pvt. • Benchmark Derivative Fund: The First Equity Arbitrage Fund in India 3 .Connected Stock Exchange of India Ltd. Systematix Shares & Stocks (I) Ltd. Ltd. Pvt. 25. GoldCrest Capital Markets Ltd. 43. Eureka Stock & Share Broking Services Ltd. Ltd. 24. Action Financial Services (India) Ltd. 81. 52. Ltd. Saaketa Consultants Ltd. 67. 71. Ltd. 88. 42. 66. 84. 28. B D Shah Securities Ltd. 87. Grishma Securities Pvt. Ltd. Sushil Finance Consultants Ltd. Ltd. 56. 64. 10. Ajmera Associates Ltd. 49. 29. Mehta Vakil & Co. 8. India Capital Markets Pvt. Nirmal Bang Securities Pvt. Ltd. 73. 47. 58. 83. 89. Jhaveri Securities Pvt. K M Jain Stock Brokers Pvt. Pratibhuti Viniyog Ltd. 5. RRS Shares & Stock Brokers Pvt. PACE Financial Services Prabhudas Lilladher Pvt. 77. 45. Ltd. IFCI Financial Services Ltd. SPS Share Brokers Pvt. 50. • Junior BeES: The First and only Midcap Index Fund and ETF in India • Nifty BeES: The First ETF in Asia (Barring Japan) • Liquid BeES: The First and only Liquid ETF in the World • Benchmark Equity & Derivatives Opportunities Fund: The Equity Arbitrage and Volatility Trading (various options based strategies) Fund • Benchmark Split Capital Fund . Balance Equity Broking (India) Pvt. 90. Ltd. 78. 60. 74. Ltd. 6. 3. 62. 32. Ltd. 63.com) Infrastructure Leasing & Financial Services Ltd. Geojit Securities Ltd. 26. 34. 22. Satco Securities & Financial Services Ltd. Ltd. Vogue Commercial Co Ltd. A C Choksi Share Brokers Pvt. Alankit Assignments Ltd. Sajag Securities Ltd. Gandhi Securities & Investment Pvt. Composite Investments Pvt. 18. 51. 46. Integrated Enterprises (India) Ltd. Orbis Financial Corporation Ltd. 70. Ltd. Inventure Growth & Securities Ltd. Techno Shares and Stocks Ltd. Anand Rathi Securities Pvt. 23. Ltd.Sify Securities India Pvt. Khambatta Securities Ltd. 19. 12. Ltd. Anagram Stock Broking Ltd. Depository Participants who have waived all charges. Bharat Bhushan Equity Traders Ltd. 33. 21. SMC Global Securities Ltd. 30. Morgan Stanley India Financial Services Pvt. 27. Axis Shares & Securities Pvt. o3 Securities Pvt. SVV Share and Stock Brokers Pvt. 79. 80. 61. Ltd. Mother India Securities Pvt. 48. 55. Bonanza Portfolio Ltd. Transaction and Custody charges for Liquid BeES > It is also managing Portfolio Management Schemes based on Quantitative Models. 35. CD Equisearch Pvt. 17. Ltd. Sunflower Broking Pvt. Karvy Consultants Ltd. Kantilal Chhaganlal Securities Pvt. Ltd. 20. Ltd. Ltd. Ltd. 14. 65. 31. KB Capital Markets Pvt. DBS Cholamandalam Securities Ltd. Ltd. Arihant Fincap Ltd. Stock Holding Corporation of India Ltd. Antique Stock Broking Ltd. 76. Allegro Capital Advisors Pvt. 86. VNS Finance & Capital Services Ltd. Ltd. Global Trust Bank Ltd. Motilal Oswal Securities Ltd. 36. SKP Securities Ltd. DSP Merrill Lynch Ltd. i. 13. R N Patwa Shares and Stock Brokers Ltd. 9. Ltd. 72. 38. Mafatlal Securities Ltd. 4. Dhyan Stock Broking Pvt. Ltd. Ltd.e. Ltd. Ltd (5paise. Joindre Capital Services Ltd. Eastern Financiers Ltd. Ltd. Churiwala Securities Pvt. 75. The details of various schemes are mentioned below: Annexure I • Bank BeES: The First Sector Index Fund and ETF in India • Gold BeES: The First Gold ETF in India • PSU BeES: The First PSU Bank Sector Index Fund and ETF in India 1. Way2Wealth Brokers Pvt. 53. 16. 40. 68. Sykes and Ray Equities (I) Ltd. 2.Balanced • Shariah BeES: Companies that are Sahriah compliant from the Nifty Sahriah index. Mangal Keshav Securities Ltd. Manashvi Securities Ltd. 15. Sharavu Financial Pvt. Maheshwari Technical & Financial Services Ltd. Ltd. Sunidhi Securities and Finance Ltd. Emkay Share and Stock Brokers Pvt. 11. Ltd. JM Financial Services Pvt.
Ltd. 15. 9. Ltd. 5. Sunflower Broking Pvt Ltd. 11. Ltd. 36. Mutual Fund and its Scheme(s) and the AMC does not indicate the future performance of the schemes of the Mutual Fund and may not necessarily provide a basis of comparison with other investments. Ltd. • Liquid Benchmark Exchange Traded Scheme (Liquid BeES) is the name of Scheme and does not in any manner indicate either the Benchmark Mutual Fund has been set up as a Trust by Niche Financial Services Pvt. Arihant Fincap Ltd. Bonanza Portfolio Ltd. Ltd. 43. Ltd. 37. JM Financial Services Pvt. 44. GoldCrest Capital Markets Ltd. Sushil Finance Consultants Ltd. 30. 19. 39. 23.1. Please read the Offer Document carefully before investing quality of the Scheme of its future prospects and the returns. 14. it is still a new concept in India. Antique Stock Broking Ltd. Ltd. 6. Mehta Vakil & Co. Ltd. Motilal Oswal Securities Ltd. Maheshwari Technical & Financial Services Ltd. 48. Anagram StockBroking Ltd. The Omniscient Securities Pvt. 49. Kantilal Chhaganlal Securities Pvt. 10. Ltd. Ltd. 4. Gandhi Securities & Investment Pvt. Manashvi Securities Ltd. Sykes and Ray Equities (I) Ltd. KB Capital Markets Pvt. Ltd. 29. with Benchmark Trustee Company Pvt. Free Press Journal Marg. 26. Ltd. SKI Capital Services Ltd. 405. Ltd. 2. Mumbai . Raheja Chambers. 38. 42. 21.400021 4 . Ltd. 22. Manubhai Mangaldas Securities Pvt. SKP Securities Ltd. Ltd. Abhipra Capital Ltd. 24. 41. IFCI Financial Services Ltd. 34. 12. Ltd. 46. as the Investment Manager. Balance Equity Broking (India) Pvt. 27. 18. Ltd. 40. Statutory Details 53. RRS Shares & Stock Brokers Pvt. Inventure Growth & Securities Ltd. India Infoline Securities Pvt. Ajmera Associates Ltd. 45. Systematix Shares & Stocks (I) Ltd. 33. Mutual Fund Investments are subject to market risk. Dhyan Stock Broking Pvt. Ltd. Arihant Capital Markets Ltd. Ltd. Mangal Keshav Securities Ltd. not restricted only to DP clients Action Financial Services (India) Ltd. 50. • Investors in the Scheme are not being offered any guarantee or assured returns. Ltd. Ltd. Morgan Stanley India Financial Services Pvt. Ltd. Anand Rathi Securities Pvt. Marwadi Shares and Finance Ltd. 51. Pratibhuti Viniyog Ltd. 35. • Though ETFs are popular abroad. United Credit Securities Ltd. Prabhudas Lilladher Pvt. 52. Saaketa Consultants Ltd. VNS Finance & Capital Services Ltd. Sajag Securities Ltd. Pvt. Ltd. the Net Asset Value (NAV) of the units issued under the Scheme can go up or down depending on the factors and forces affecting the capital market and money market. Sushil Stockbroker Pvt. 28. RISK FACTORS: • As with any investment in securities. 13. Composite Investments Pvt. • Past performance of the Sponsors and its affiliates. Manali Trading & Holdings Pvt. 8. Grishma Securities Pvt. 47. Brokers charging brokerage only to cover statutory minimum charges on Liquid BeES transactions applicable to all clients. 32. Eastern Financiers Ltd. 25. Investors are therefore urged to study the Offer Document carefully and consult their Investment Advisor before they invest in the Scheme. • The Sponsor is not responsible or liable for any loss of shortfall resulting from the operation of the Scheme beyond the initial contribution made by it of an amount Rs. 20. Jhaveri Securities Pvt. as the Trustee (Trustee under the Indian Trust Act. 213. Ltd. Ltd. 16. Benchmark Asset Management Company Pvt. 7. Axis Shares & Securities Pvt. 1 Lakh towards setting up of the Mutual Fund. Nirmal Bang Securities Pvt. SMC Global Securities Ltd. PACE Financial Services 31. Ltd. 1882) and Benchmark Asset Management Company Pvt. Techno Shares and Stocks Ltd. 3. Crosseas Capital Services Pvt. 17. Nariman Point.
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