E x ch a n g e T ra d ed F u n d s N ovem ber 2010

ETF have shown consistent growth in volumes both in terms of number of trade and turnover. Based on the
underlying asset different types of ETFs have been identified .The turnover and price of each class of ETF
listed on NSE is given below.

October - 2010
ETF Based on Asset Total T/O ( ` Lacs) %
Gold 51871.22 52.83%
Money Market 31620.17 32.21%
Indian Stock Market 14591.03 14.86%
International Stock Market 97.8 0.10%
Total 98180.22 100%
ETF based on Commodity (Gold)
NAV Avg T/O Return %
SYMBOL AMC
Oct-10 Sep-10 ` lacs 1Month 3Month
GOLDBEES BENCHMARK 1898.09 1879.34 1548.63 1.00 9.25
GOLDSHARE UTI 1897.27 1873.56 299.77 1.27 9.28
KOTAKGOLD KOTAK 1896.56 1872.88 181.94 1.26 8.97
QGOLDHALF QUANTUM 943.68 934.34 9.16 1.00 9.25
RELGOLD RELIANCE 1844.89 1826.60 299.02 1.00 8.96
RELIGAREGO RELIGARE 1949.99 1930.59 5.13 1.00 9.26
SBIGETS SBI 1932.98 1914.31 66.79 0.98 9.49
HDFCMFGETF HDFC 1940.55 1921.50 50.74 0.99 NA
IPGETF ICICI 1959.49 1940.82 8.88 0.96 NA

Spot price gold (Source: http://goldprice.org/charts/history/gold_5_year_o_inr.png)

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Gold ETF turnover over a period (since Oct 2008) Gold ETF turnover – Oct 2010 (`
` lacs)

Among 9 Gold ETFs GOLDBEES accounted for 62.70 % of the total trading volumes during the month.
GOLDBEES witnessed volume of 1701955 with a turnover of ` 32521.32 lacs vis-à-vis volume of 1144173
with a turnover of ` 21391.72 lacs in the previous month.

ETF based on Money Market Instrument (Government Securities)

Average Daily T/O `

Lacs %
SYMBOL Change
Oct-10 Sep-10 in T/o

LIQUIDBEES 1505.72 1492.85 48.05

Volume in LiquidBEES Graph

Source: www.nseindia.com & www.amfinidia.com

The highest turnover in LIQUIDBEES for the month of October 2010 was ` 3819.04 Lacs with total traded
quantity of 381907, on 29th October 2010.

ETF based on International Index (Hang Sang Index)

Benchmark AMC launched the First Indian ETF listed on NSE capital market segment to give international
exposure on 15th February 2010 which got listed on 18th March 2010. On the listing day it has clocked volume
of ` 355.75 lacs with 26686 total traded quantities.
NAV Avg T/O Return %
Symbol AMC
Oct -10 Sep-10 Rs lacs 1Month 3Month
HNGSNGBEES BENCHMARK 1349.23 1321.24 4.66 2.12 5.64

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 Source: www.nseindia.com & www.amfinidia.com

ETF based on Equity (Index)

NAV in ` Average Return %

Symbol Underlying Daily T/O
Oct-10 Sep-10 ` lacs 1Month 3Month
BANKBEES BANK NIFTY 1240.02 1244.10 10.53 -0.17 11.00
JUNIORBEES JUNIOR NIFTY 130.39 126.07 59.27 3.43 12.57
KOTAKNIFTY NIFTY 606.17 607.22 3.52 -0.17 11.00
KOTAKPSUBK CNX PSU BANK INDEX 521.35 508.53 17.46 2.52 23.66
M50 Most 50 86.06 87.13 189.54 -1.22 10.98
NIFTYBEES NIFTY 607.77 608.57 395.97 -0.13 12.30
PSUBNKBEES CNX PSU BANK INDEX 504.80 492.46 6.89 2.51 27.38
QNIFTY NIFTY 606.62 607.96 0.47 -0.22 12.12
RELBANK BANK NIFTY 1262.67 1266.40 2.50 -0.29 18.15
SHARIABEES SHARIAH INDEX 133.62 132.32 0.39 0.98 9.10
UTISUNDER NIFTY 636.88 636.95 0.89 -0.01 12.19
INFRABEES CNX Infrastructure 359.51 378.19 7.38 -4.94 NA
Source: www.nseindia.com & www.amfinidia.com

Among all Equity based ETF NIFTYBEES accounted for 56.99 % of the total trading volumes during the
month while M50 accounted for 27.28 % of the total trading volume.

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 Head- Office
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Email: nsecrm@nse.co.in Email: nsecrm@nse.co.in

Online ETF price watch : http://www.nseindia.com/content/etfsparks.htm

NSE web site : www.nseindia.com

NSE circulars : http://www.nseindia.com/content/circulars/circ_latest.htm

NSE member directory : https://www.enit.co.in/MemDirWeb/

Disclaimer:

Market conditions can lead to substantial profit or loss. Investors are advised to seek adequate product and market
knowledge as well as proper investment advice before trading. The material provided here is for general information
purpose only. While care has been taken to ensure accuracy, the information furnished to reader with no warranty as
to accuracy or completeness of its contents and on condition that any changes, omissions or errors shall not be made
the basis for any claim, demand or cause for action.

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What are ETFs?

ETFs are open ended passively managed mutual funds that are traded on exchange with an objective of
providing returns as that of a particular market index. Based on the broader market ETFs are of following types.

ETFs combine the Benefits of

Mutual funds
Diversification
Advantages of ETFs Regulated
Open ended
 Easier to track
 High quality and well diversified portfolio.
Stocks
Bought & Sold During the
 Convenience of trading & Real Time NAV Day Transparent
 Available in lower denomination Liquid
 Dividends received are tax-free.
 Investments are exempt from wealth tax

Users of ETF: Due to unique structure of ETFs, all types of investors whether retail or institutional, long term
or short term, can use it to their advantage.

Investors

Hedgers

Arbitragers

Structure & Working of ETFs

Primary Market/ Issuer Secondary Market

Market
Making/Arbitrage Seller
Authorized
Participants / Financial Cash ETF
Institutions
Buy/Sell Stock Exchanges
Subscription Redemption

Fund Buyer