Benchmark Asset Management Company Private Ltd
Encyclopedia
Introduction
Benchmark Asset Management Company Pvt Ltd. (BAMC) is a SEBI registered Asset Management Company launched in June 2001. BAMC is an asset management company in India with primary focus on indexing. While the concept of Index FundIndex fund
An index fund or index tracker is a collective investment scheme that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions.-Tracking:Tracking can be achieved by trying to hold all of the...
is very much popular in foreign countries, it is yet to take off in the Indian Market.
Benchmark AMC is India's first firm to focus on passive and quantitative asset management business.
In 2001, Benchmark became the first company to Launch ETFs (exchange-traded fund
Exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE...
s) in India - Nifty BeES which was listed on the Nifty for trade.
This scheme is the first ETF in India based on the Nifty Index and is the oldest and largest at this point in time.
It had also launched the first liquid ETF in the world - Liquid BeES. In 2002, BAMC had filed offer document of Gold ETF with SEBI and in 2007, Benchmark became the first to envisage Gold exchange-traded fund
Gold exchange-traded fund
Gold exchange-traded products are exchange-traded funds , closed-end funds and exchange-traded notes that aim to track the price of gold. Gold exchange-traded products are traded on the major stock exchanges including Zurich, Mumbai, London, Paris and New York. , physically backed funds held...
in the world.
In 2009, Benchmark Asset Management Company also became the first ones to launch the Shariah-complaint ETF which enables millions of Muslims and other investors to participate in the stock market.
On 8 July 2009, Benchmark Nifty BeES which consists of top 50 stocks and tracks CNX Nifty Index recorded the highest ever volume on Budget Day with over a million units traded in single day amounting to more than Rs. 46 Cr.
Benchmark Milestones
In 2005, Benchmark won an award for their ETF - Liquid BeES in the Global ETF Awards.Nifty BeES has been awarded the "Best Performing Mutual Fund" of the Year in the index fund category at the CNBC-TV18-CRISIL Mutual Fund Awards in 2007 & 2008
BAMC has been ranked as the "Best Provider of Structured Products" in their Private Banking Poll 2006, by Euromoney
Product List
Mutual Fund ProductsNifty BeES – First Exchange Traded Fund in India
Junior BeES – First & Only Mid-cap Index Fund and ETF in India
Liquid BeES – First & Only Liquid ETF in the World
Bank BeES – First Sector Index Fund and ETF in India
Benchmark Derivative Fund – First Equity Arbitrage and Market Neutral Fund in India
Benchmark Split Capital Fund – First Split Capital Fund in India
Gold BeES – First commodity linked ETF in India
PSU BeES – The First PSU Bank Sector Index Fund and ETF in India
Benchmark S&P CNX 500 Fund – The first and only Index Fund in India benchmarked to S&P CNX 500 Index
Shariah BeES – First S&P CNX Nifty Shariah Index linked ETF in India
Portfolio Management Products
STraP: The First quantitative value based PMS in India
CaPPS: The First CPPI based PMS in India