Nippon India ETF Nifty Bank BeES | NSE: BANKBEES
Provides a proxy for Indian economic growth through exposure to the banking sector, where credit demand typically grows at ~1.5–2x GDP growth. The ETF is weighted toward large banks. HDFC Bank, ICICI Bank, State Bank, and Axis Bank together have ~60% weightage in the ETF. Large banks are considered to have the best digital and physical infrastructure.
