If you want to invest in a Halal way; you can buy stocks directly or invest through mutual funds, apart from this ETF are a good option for investment in India.
If you are looking for a halal ETF then Nippon India ETF Nifty 50 Shariah Bees is a good option
What is Nippon India ETF Nifty 50 Shariah Bees?
This is an exchange-traded fund, also known as ETF, that tracks the Shariah-compliant Nifty 50 Index. Meaning, this fund focuses only on those stocks in the Nifty 50 that follow Islamic Shariah principles.
Its fund management is under Nippon Life India Asset Management, which is a well-known AMC (Asset Management Company).
returns
| 1 year | 2 years | 3 years | all |
|---|---|---|---|
| 5.0% | 6.1% | 14.6% | 14.0% |
fundamentals full details click
AUM. 30 cr p/e Ratio 27.67
p/b ratio 5.48 stocks 18
Shariah Compliant ETF Benefits
- Sharia Compliance
This ETF includes only those companies that abstain from riba (interest), gambling, alcohol and haram activities. It follows the principles of Islamic finance.
- Diversification
This ETF gives you a diversified portfolio that covers multiple sectors like IT, FMCG and pharmaceuticals - Liquidity
Since it is traded on the exchange, you can buy and sell it anytime like a stock - Low Expense Ratio
One of the major benefits of ETFs is the low expense ratio, which has a positive impact on investors’ returns.
Conclusion
This is the complete analysis as per my understanding. There are total 18 stocks in this ETF, all of them are halal traded and have low debt.
The Nippon India ETF Nifty 50 Shariah Bees is a unique and ethical investment option designed specifically for Shariah-compliant investors. If you want a diversified and ethical portfolio, this ETF could be the right choice. But, assess your risk appetite and financial goals before investing.
- Disclaimer
This blog is for educational purposes only. Do not forget to consult a financial advisor before investing.