E x ch a n g e T ra d ed F u n d s D ecem 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.

Nov-2010
Total T/O
ETF Based on Asset %
( ` Lacs)

Gold 40543.62 47.02%

Money Market 24439.98 28.34%

Equity Market 21173.46 24.56%

International Equity Market 69.40 0.08%
Total 86226.46 100%
ETF based on Commodity (Gold)
NAV Avg T/O Return %
SYMBOL AMC 10-Nov 10-Oct ` lacs 1Month 3Month
GOLDBEES BENCHMARK 2014.38 1898.09 1096.97 6.13 8.57
GOLDSHARE UTI 2013.65 1897.27 103.10 6.13 8.59
KOTAKGOLD KOTAK 2012.90 1896.56 284.27 6.13 8.58
QGOLDHALF QUANTUM 1001.55 943.68 8.48 6.13 8.57
RELGOLD RELIANCE 1957.78 1844.89 264.98 6.12 8.57
RELIGAREGO RELIGARE 2070.04 1949.99 5.10 6.16 8.59
SBIGETS SBI 2051.32 1932.98 65.45 6.12 8.51
HDFCMFGETF HDFC 2058.42 1940.55 65.55 6.07 8.50
IPGETF ICICI 2078.03 1959.49 32.58 6.05 8.40
AXISGOLD AXIS 2061.19 NA 14.61 NA 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 - Nov 2010 (`
` lacs)

Among 11 Gold ETFs GOLDBEES accounted for 56.82 % of the total trading volumes during the month.
GOLDBEES witnessed volume of 1175346 with a turnover of ` 23036.36 lacs vis-à-vis volume of 1077290
with a turnover of ` 19526.49 lacs in the previous month.

ETF based on Money Market Instrument (Government Securities)

Volumes in Liquid BeES Graph

Average Daily T/O ` Lacs

% Change
in T/o
SYMBOL Nov-10 Oct-10

LIQUIDBEES 1163.81 1505.72 -22.71

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

The highest turnover in LIQUIDBEES for the month of November 2010 was ` 25.39 Crs. with total traded
quantity of 253910, on 25th November 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
Nov-10 Oct-10 ` Lacs 1Month 3Month

HNGSNGBEES BENCHMARK 1387.43 1349.23 3.30 2.83 9.71

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

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ETF based on Equity (Index)
Average
NAV Daily T/O Return %
Symbol Underlying Nov-10 Oct-10 ` lacs 1Month 3Month
BANKBEES BANK NIFTY 1201.52 1240.02 41.44 -3.10 11.05

JUNIORBEES JUNIOR NIFTY 123.38 130.39 91.03 -5.37 4.44

KOTAKNIFTY NIFTY 590.28 606.17 3.62 -2.62 8.55

KOTAKPSUBK CNX PSU BANK 492.01 521.35 5.20 -5.63 10.72

M50 MOST50 82.83 86.06 180.24 -3.75 4.92

NIFTYBEES NIFTY 592.02 607.77 648.94 -2.59 8.60

PSUBNKBEES CNX PSU BANK 476.35 504.80 24.96 -5.64 10.64

QNIFTY NIFTY 590.83 606.62 0.47 -2.60 8.45

RELBANK BANK NIFTY 1223.24 1262.67 4.38 -3.12 11.00

SHARIABEES SHARIAH INDEX 129.68 133.62 0.57 -2.95 7.70

UTISUNDER NIFTY 621.66 636.88 3.71 -2.39 8.70

INFRABEES CNX Infra Index 338.33 359.51 3.70 -5.89 NA

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

Among all Equity based ETF NIFTYBEES accounted for 64.36 % of the total trading volumes during the
month while M50 accounted for 17.88 % of the total trading volume.

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 Head- Office
National Stock Exchange of India Ltd
Exchange Plaza, Bandra Kurla Complex,
Bandra-East. Mumbai -400051
Tel: 022 26598304 / 05 Fax: 022 26598449
Email: nsecrm@nse.co.in

Regional Offices
Delhi Ahmedabad Kolkata
Cash ETF
4th Floor, St
406 Sakar II, Near Elis Bridge, 1 Floor, Park View
Jeevan Vihar Building
Ahmedabad – 380006 Apartments, 99 Rash Behari
Parliament Street
Tel No: (079) 26580212/3 Avenue Kolkata -700029
New Delhi-110001
Email: nsecrm@nse.co.in Tel No: (033) 24631802/1805
Tel No: (011) 23344313- 27
Email: nsecrm@nse.co.in
Email: nsecrm@nse.co.in

Chennai Hyderabad
2nd Floor, Ispahani Centre, Door H No.3-6-322
No 123-124, Mahavir House, IInd Floor
Nungambakkam High Road, Chamber no.203 & 204
Nungambakkam Basheerbagh
Chennai - 600 034 Hyderabad - 500029
Tel No: (044) 2833 2500/ 01 Tel No: (040) 23227084/85
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 Cash ETF
Fund Buyer