Nifty BeES is a benchmark exchange-traded fund that invests in 50 different companies of the S&P CNX Nifty. Since the mutual fund invests in equities, it is a volatile investment. Moreover, the companies in which Nifty BeES invests are large and stable companies. These companies have a strong track record. Therefore, the performance of Nifty BeES is dependent on the share of CNX Nifty. Furthermore, Nifty BeES offers good diversification to the portfolio. However, it is important to note that mutual fund investments are subject to market risks. Hence, do not guarantee any returns.