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(An Open Ended Listed Index Scheme Exchange Traded Fund)
NFO opens on NFO opens on September 09, 2010 September 09, 2010
NFO closes on NFO closes on September 23, 2010 September 23, 2010
The Driver of Economic Growth
Infrastructure – For Sustainable Growth
Good quality infrastructure is the most critical physical requirement for attaining faster growth in a competitive world Average GDP growth of 7.7% achieved in the tenth five year plan period has been the highest in any Plan period so far India has entered the Eleventh Plan period with an impressive record of economic growth Adequate investment is necessary to support higher growth and improved quality of both urban and rural class Average GDP growth of 9% or above can be achieved and sustained only if infrastructure deficit can be overcome
Source: Planning Commission Government of India – 11th Five Year Plan Report
465.) 14500 (2008 est.410 (2009 est.) United States 4.320.) 3.) 3.The World Factbook .) China 3.110 (2008 est.) 41009 (2008 est.799 (2007 est.) Source: CIA.451(2008 est.) 110000 (2008 est.) 6.) 502 77834 (2008 est.715 (2007 est.) 15079 226427 (2007 est.8 (2009 est.Infrastructure – Miles To Go Infrastructure Facilities Electricity Production (billion KWH) Airports (2010) Railways (KMS) Roadways (KMS) Waterways (KMS) India 723.583.) 352 64015 (2009 est.
. ca rry 40% of tra ffic. a bs ence of competition 1123 BCM utiliza ble wa ter res ources .. a cute huma n res ources ’ s horta g es Source: Planning Commission Government of India – 11th Five Year Plan Report . 9. yet nea r cris is in per ca pita a va ila bility a nd s tora g e. only 43% of net s own a rea irrig a ted Only 18% of ma rket a cces s ed. Sector Roads /Highways Ports Airports Railways Power Irrigation Telecom/IT Deficit 65590 km of NH compris e only 2% of network.Infrastructure Bottlenecks – A Major Concern. pa s s eng ers : 50 kmph). ca pa city.5) 13. s a tura ted routes . a ircra ft ha ndling . 50% 2-la ned. 12% 4-la ned. s low s peeds (freig ht: 22 kmph. low pa yloa d to ta re ra tio (2. a nd 38% s ing le-la ned Ina dequa te berths a nd ra il/roa d connectivity Ina dequa te runwa ys . pa rking s pa ce a nd termina l building s Old technolog y.8% pea king deficit.. 40% tra ns mis s ion a nd dis tribution los s es . obs olete ha rdwa re.6% energ y s horta g e.
43 5.25 10 9 8 7 6 5 4 3 2 1 0 Total Infrastructure investment as % of GDP in XIth Five Year Plan is estimated to increase to 7.34 8. (Rs... as % of GDP .08% in Xth Five Year Plan Source: Planning Commission Government of India – 11th Five Year Plan Report and Mid Term Appraisal of 11th 5 year plan report.) Projected Inf ra. Crs.98 6. Crs... Inv. At 2006-07 prices. Inv. (Rs. Inv. as % of GDP 9. Projected Infra.55% as against 5.But Government Has Started Addressing Them Projected Total Infra.) 700000 600000 500000 400000 300000 200000 100000 0 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Projected Total Inf ra.19 5.53 7. Inv.
09 4.Government Renewed Focused Reflected in Increased Spending.21 0.91 13.32 12.93 6.00 XIth Plan % Increase Over Xth Plan 128.86 US$ bn in Xth plan Five Year Plan Source: Planning Commission Government of India – 11th Five Year Plan Report & Internal.36% 357.84 11. .22 16.53% 135.17% 121.2 7.52 1.61 12.28 7.78 1.02 100. Projected Investment in Infrastructure During Eleventh Five Year Plan Sectors Electricity Roads & Bridges Telecommunications Railways Irrigation Water Supply & Sanitation Ports Airports Storage Gas Total Rs.44 3.38% 116.86 29.2 0.63 32.04 US$ bn from 217.96 33.03% 118.43 1.37% 73. At 2006-07 prices.80% 127.. Crs 291850 144892 103365 119658 111503 64803 14071 6771 4819 9713 871445 Xth Plan US$ bn* Share (%) 72.95% Government’s projected infrastructure spending in XIth Five Year Plan has more than doubled to 514..36% 364.45 12. Crs 666525 314152 258439 261808 253301 143730 87995 30968 22378 16855 2056151 XIth Plan US$ bn* Share (%) 166.80 16.85 100.51 5.63 25.69 0.42 78.11 217. Exchange rate: Rs.82 514.32 35. 40/US$.54 15.82% 150.88 12.80% 525.73 27.74 1.99 22 4.59 1.55 2.57 65.28 64.73 63.49 36.61 1.00 Rs.
36 29.00 69.42 1.23 3.25 68.94 70.73 100.13 Increased Private Sector Participation Source: Planning Commission Government of India – 11th Five Year Plan Report & Internal..47 95.00 96.77 19.42 52.53 31.23 100.74 0.06 89.17 27.60 56. Crs 291850 200016 91834 144892 137888 7004 103365 49013 54352 119658 119352 307 111503 111503 64803 63781 1022 14071 3715 10356 6771 3835 2936 4820 1443 3377 9713 8713 1000 871445 699257 172188 Share (%) 68.17 4.70 10.77 38..85 50.00 50.00 61.91 30.99 31.30 100.00 80.01 33.76 XIth Plan Rs.With Private Sector Participation Projected Investment in Infrastructure During Eleventh Five Year Plan Sectors Electricity Public Private Roads & Bridges Public Private Telecommunications Public Private Railways Public Private Irrigation Public Private Water Supply & Sanitation Public Private Ports Public Private Airports Public Private Storage Public Private Gas Public Private Total Public Private Xth Plan Rs.24 19.58 99.64 43.87 30.40 73.83 47.75 80.. At 2006-07 prices.26 100.58 26. .15 69.00 98.27 38.09 61..83 66. Crs 666525 481013 185512 314152 207359 106792 258439 80753 177686 261808 211453 50354 253301 253302 143730 138309 5421 87995 33516 54479 30968 9338 21630 22378 11189 11189 16855 10327 6528 2056150 1436559 619591 Share (%) 72.
40 m Internet Source: Planning Commission Government of India – 11th Five Year Plan Report . 3 g reenfield in NE R . 2la ne 20000 km. 7 other g reenfield a irports 8132 km new ra il.Eleventh Plan Physical Targets Sector Roads /Highways Ports Airports Railways Power Irrigation Telecom/IT Eleventh Plan Targets 6-la ne 6500 km in GQ.25 R ea ch 600 m s ubs cribers —200 m in rura l a rea s . 4-la ne 20000 km. 7148 km g a ug e convers ion. 10. 4-la ne 6736 km NS -E W. dedica ted freig ht corridors Add 78577 MW. a cces s to a ll rura l hous eholds Develop 16 mha ma jor a nd minor works . 345 m MT in minor ports Modernize 4 metro a nd 35 non-metro a irports . 1000 km E xpres s wa y New ca pa city: 485 m MT in ma jor ports . 20 m broa dba nd. modernize 22 s ta tions .
40/US$.2015-16 2016-17 Projected GCF in Infra.25 11 10 9 8 7 6 5 Government’s projected GCF (Gross Capital Formation) in Infrastructure investment in XIIth Five Year Plan would increase to US$ 1018.75 10 10.) 1200000 1000000 800000 600000 400000 200000 0 2011-12 2012-13 2013-14 2014-15. Crs.25 % in 201617.5 9. (Rs. Exchange rate: Rs. Projected GCF in Infra.74 bn From US$ 502.88 bn in XIth Five Year Plan Source: Planning Commission Government of India – 11th Five Year Plan Report Estimates: GDP to grow at 9% per year and GCF in infrastructure as percentage of GDP would rise from 9 % in 2011-12 to 10.Government Committed To Infrastructure Development Projected GCF in Infra. as % of GDP . At 2006-07 prices.) Projected GCF in Infra as % of GDP 9 9.25 9. (Rs. Crs.
Infra BeES – Best of Both Worlds Like an Index Fund… Constructed to track the Index Open ended mutual fund Low expense ratio Low turnover Transparent Like a Stock… Trading flexibility intraday on the exchange Real Time Price Put Limit Price Minimum Trading lot is just 1 unit Delivery in your Demat account Index Fund Stocks ETF .
Air. shipping and other Utility Services providers Index is calculated using the market capitalisation weighted method Base value and base date of index are 1000 and Jan. 04 resp. Roads. Port.com . Railways.About CNX Infrastructure Index Includes companies belonging to Telecom. 01. Companies are selected based on the below parameters Market capitalisation Turnover Net worth Company should be available for trading in the derivatives segment (Stock Futures & Options market) on NSE For detailed criteria of CNX Infrastructure index.nseindia. Power. refer to indices section of www.
Services Construction Project % 2.56 2.Services Transportation Industrial Capital Goods Hotels Transportation Telecom . Siemens Ltd.95 3.42 0. Indian Hotels Co.CNX Infrastructure Index – Security Weightage Sr.75 11.87 0. No. Suzlon Energy Ltd.45 12. 2010 & AMFI. Lanco Infratech Ltd.Services Power Power Power Telecom . Industry Power Telecom . DLF Ltd. Crompton Greaves Ltd.Services Industrial Capital Goods Cement % 17. Ltd. Jaiprakash Associates Ltd. Bharti Airtel Ltd. Unitech Ltd.74 0. Tata Power Co. IRB Infrastructure Developers Ltd. Sr. Mahanagar Telephone Nigam Ltd. Ltd.65 2.48 13.06 1. Larsen & Toubro Ltd. Bharat Heavy Electricals Ltd.79 1.Services Industrial Capital Goods Construction Project Construction Power Telecom .55 3.00 0. Reliance Infrastructure Ltd. Industry Construction Project Construction Industrial Capital Goods Industrial Capital Goods Construction Project Telecom . Tata Communications Ltd.81 0.38 Source: NSE.35 2. .84 5.03 1.14 2. Data as on August 31. 1 2 3 4 5 6 7 8 9 10 11 12 13 Company Name NTPC Ltd.11 2. Idea Cellular Ltd.51 25 17 18 19 20 21 22 23 ABB Ltd.49 3. 14 15 16 Company Name GMR Infrastructure Ltd. Reliance Communications Ltd.72 1. Punj Lloyd Ltd. Shipping Corporation of India Ltd. Neyveli Lignite Corporation Ltd. Reliance Power Ltd.85 2. No.53 24 2.
99% 16.08% Telecom .74% 0. 2010.CNX Infrastructure Index – Industry Classification 19. & AMFI. 31.51% 1.81% 20.66% 2.Services Construction Project Cement Hotels Source: NSE. Data as on Aug.94% Pow er Industrial Capital Goods Construction Transportation 30.28% 7. .
2004 Value As On Aug. 2010. Past performance is no guarantee of future results. 2004 750000 650000 550000 450000 350000 250000 150000 50000 01-Jul-04 01-Jul-05 01-Jul-06 01-Jul-07 01-Jul-08 01-Jul-09 01-Jan-04 01-Jan-05 01-Jan-06 01-Jan-07 01-Jan-08 01-Jan-09 CNX Infrastructure Index Rs.10% 100000 282515 16.Performance . Past performance may or may not be sustained in future. Data as on Aug.13% Source: MFI explorer.Indices Normalised To 1 Lac As On Jan 01. 01-Jan-10 01-Jul-10 . Initial Investment As On Jan 1.85% 100000 303799 18. 31. 31. 2010 CAGR(%) S&P CNX Nifty BSE Sensex CNX Infrastructure Index S&P CNX Nifty BSE Sensex 100000 339180 20.
07 to Aug 31. Period – Jan 01. Past performance may or may not be sustained in future. Frequency – Daily.Performance . Past performance is no guarantee of future results. Period – Jan 02. 10 (%) 30 15 Minimum Source: MFI explorer and Internal. . Frequency – Daily. 10 (%) -30 CNX Infrastructure Index S&P CNX Nifty BSE Sensex 90 75 60 45 72 49 53 27 20 21 -6 0 -15 -30 CNX Infrastructure Index S&P CNX Nifty BSE Sensex -6 -8 Maximum Average Annualised Volatility 24 15 17 3 Yrs Rolling Returns. Note: The above performance is CAGR(%).Indices 45 34 30 25 26 13 7 0 Minim um -15 Maxim um Ave rage Annualised Volatility 7 5 5 5 22 19 20 15 5 Yrs Rolling Returns. 09 to Aug 31.
.397.6 3.141 22.77 S&P CNX Nifty 3.73 3.141 29.14 0.Statistics .12 Source: NSE.54 1.Indices (As on Aug 31. Crores) P/E Ratio P/B Dividend Yield CNX Infrastructure 924. 2010) Full Market Cap (Rs.
Overview Investment Objective The investment objective of the Scheme is to provide returns that. . Bonds. before expenses. the performance of Scheme may differ from that of the Underlying Index due to tracking error. Debentures and cash at call G-Secs. Investment Pattern Instruments Securities covered by the CNX Infrastructure Index Money Market Instruments. closely correspond to the total returns of the securities as represented by the CNX Infrastructure Index by investing in the securities in the same proportion as in the Index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved. % 95%-100% 0%-5% Risk Profile Medium to High Low Taxation of a equity oriented fund is applicable to the scheme Note: Please refer to SID & SAI for more details. However.
Directly with the Fund The Minimum number of units of Infra BeES that investors can create/redeem in exchange of Portfolio Deposit and cash component is 10. the units of Infra BeES can be purchased/redeemed in minimum lot of 1 unit and in multiples thereof.000 units and in multiples thereof. 10. 1/.000/. On NSE. (NSE).(Rupees Ten Thousand only) and in multiples of Re.thereafter On Ongoing Basis On the Exchange The units of Infra BeES would be listed on the National Stock Exchange of India Ltd. .Scheme Features Minimum Application Amount During NFO Rs.
2010. Subsequently. BSE StAR MF of Bombay Stock Exchange Limited (BSE) and Mutual Fund Service System (MFSS) of NSE. investors can subscribe to the units through the mutual fund trading platforms viz. .Scheme Features Option The Scheme offers only growth option Entry & Exit Load Nil Benchmark Index CNX Infrastructure Index Investor Benefits and General Services During the NFO. The AMC will calculate and publish the first NAV of the Scheme not later than October 07. the NAVs will be calculated and disclosed at the close of every Business Day.
About Benchmark .
Highlights Differentiation in Investment Philosophy.Benchmark . Product structures and Product delivery mechanism Leadership position in indexing and ETF areas A track record of successfully conceptualizing and launching innovative products with many Firsts Nifty BeES – The First ETF In Asia (Barring Japan) Junior BeES – The First Midcap ETF In India Liquid BeES – The First Money Markey ETF In The World and The Only One In India Bank BeES – The First Sector Based ETF In India Gold BeES – The First Gold Linked ETF In India PSU Bank BeES – The First PSU Bank Sector Based ETF In India Shariah BeES – The First S&P CNX Nifty Shariah Based ETF In India Hang Seng BeES – India’s First ETF investing in overseas securities which are constituents of Hang Seng Index Benchmark Derivative Fund – The First Equity Arbitrage Fund In India Benchmark S&P CNX 500 Fund – The First and Only Index Fund In India Benchmarked to S&P CNX 500 Index .
respectively 2007 2008 Eligibility Criteria & Methodology 2009 In total 11 schemes in year 2007. Rankings and Award Source: CRISIL FundServices.com.Achievements Nifty Benchmark Exchange Traded Scheme (Nifty BeES) was Awarded Best Performing Mutual Fund of The Year Award In The Index Fund Category at the CNBC – TV18 – CRISIL Mutual Fund of The Year Award 2007. The award is based on consistency of the scheme’s performance in the four quarterly CRISIL CPR rankings released during the respective calendar year.crisilfundservices. Schemes present in all four quarterly CRISIL CPRs for each calendar year were considered for the award. CRISIL Ltd. . 12 schemes in year 2008 and 13 schemes in year 2009 were eligible for award universe. * Past performance is no guarantee of future results. 2008 & 2009*. A detailed methodology of the CRISIL CPR is available at www. Past performance is no guarantee of future results. The individual CRISIL CPR parameter scores averaged for the four quarters for each calendar year were further multiplied by the parameter weights as per the CRISIL CPR methodology to arrive at the final scores.
Upto 10% of net assets in Money Market instruments. However. exchange listed. Investment Pattern Upto 100% of net assets in Securities covered by the S&P CNX Nifty Index. the units of Nifty BeES can be purchased/sold in minimum lot of 1unit and in multiples thereof. Index Scheme Terms of Issue On NSE. Directly with the Fund .Investment Objective The investment objective of Nifty BeES is to provide investment returns that. closely correspond to the total returns of the securities as represented by the S&P CNX Nifty Index. before expenses.The minimum number of units of Nifty BeES that investors can create/redeem in exchange of Portfolio Deposit and cash component is 10.000 units and in multiples thereof. convertible bonds & other securities including cash at call but excluding subscription & redemption Cash Flow An Open-ended. the performance of Scheme may differ from that of the Underlying Index due to tracking error. Load Structure: Entry Load : Nil Exit Load: Nil .
Shariah BeES. (6) The present Scheme is not a guaranteed or assured return Scheme. Bank BeES. .Disclaimers Risk Factors General: (1) All Mutual funds and Securities investments are subject to market risks and there can be no assurance or guarantee that the objective of the Schemes will be achieved. Liquid BeES. Benchmark Derivative Fund and Benchmark S&P CNX 500 Fund are the name of the Schemes and does not in any manner indicate either the quality of the Schemes or its future prospects and the returns. (2) As with any investment in securities. (4) Infrastructure Benchmark Exchange Traded Scheme (Infra BeES). Hang Seng BeES. 1 Lac towards setting up of the Mutual Fund. Investors are therefore urged to study the terms of offer carefully and consult their Investment Advisor before they invest in the Schemes. Gold BeES. (3) Past performance of the Sponsors/Investment Manager/Mutual Fund and its affiliates does not indicate the future performance of the Scheme and may not provided a basis of comparison with other investments. Junior BeES. PSU Bank BeES. the Net Asset Value (NAV) of the units issued under the Schemes can go up or down depending on the factors and forces affecting the securities market/bullion market. (5) The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Schemes beyond the initial contribution made by it of an amount of Rs. Nifty BeES.
market movements.) (7) The Scheme’s NAV will react to the securities / bullion market movements. and over longer periods during market downturns. (8) IISL Disclaimer : The Product on CNX Infrastructure Index is not sponsored. (11) For Scheme specific risk factors kindly refer SID. sold or promoted by India Index Services & Products Limited (IISL).Disclaimers (Contd. IISL does not make and expressly disclaims any representation or warranty. The investors are advised to refer to the Scheme Information Document for the full text of the Disclaimer Clause of NSE. The Investor could lose money over short periods due to fluctuation in the Scheme’s NAV in response to factors such as economic and political developments. express or implied (including warranties of merchantability or fitness for particular purpose or use) regarding the advisability of investing in the Product linked to CNX Infrastructure Index or particularly in the ability of the CNX Infrastructure Index to track general stock market performance in India. (9) NSE Disclaimer : It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document . . changes in interest rates and perceived trends in securities / bullion prices. endorsed. (10) Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Please read the full Disclaimers in relation to the CNX Infrastructure Index in the Scheme Information Document / Prospectus / Information Statement.
Ltd. 1882. Ltd. Investment Manager: Benchmark Asset Management Company Pvt.com . For more details please refer the SID. Ltd.benchmarkfunds. Trustee: Benchmark Trustee Company Pvt. Key Information Memorandum and Application Form which are available at the Office of the AMC or can be downloaded from www.) Statutory Details: Constitution: Benchmark Mutual Fund has been set up as a Trust under the Indian Trust Act.Disclaimers (Contd. Sponsor: Niche Financial Services Pvt.
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