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Aditya Birla Sun Life Nifty Bank ETF
ABSLBANETFTracking Nifty Bank Index
Price Chart
NAVThe net asset value (NAV) of an ETF is based on the current prices of the stocks/assets in the fund and an actual accounting of the total cash in the fund at the time of calculation. Market price can be different from real time NAV due to late market activity and both tend to converge periodically. A market price close to real time NAV is much better for investment!
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Expense RatioETFs charge their shareholders an expense ratio to cover the fund’s operating expenses, which is expressed as a percentage of the fund’s average net assets. This directly reduces the fund’s returns to its shareholders, and, therefore, the value of the investment. Lower is always better!
Less expense ratio implies better returns over the long term
Tracking ErrorTracking error is the difference between the performance of the ETF and that of the underlying benchmark it's tracking. It's an important metric for investors who want to replicate an index's performance by investing in the ETF. The lower the tracking error, the better is the ETF's performance aligned with the investor's expectations
ETF has not been able to closely match its benchmark returns
Return vs FD RatesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If the ETFs price return is lower than this rate, investors are better off investing the amount in a FD
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Entry PointHigh demand for an ETF increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the ETF
Not a good time to invest, ETF is in overbought zone
Key Metrics
AMC profile
Aditya Birla Sun Life AMC Limited, is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada. The joint venture brings together Aditya Birla Group's experience in the Indian market and Sun Life's global experience.
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General updates INDUSINDBK
Indusind Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) - With reference to our letter dated May 11, 2022 intimating acquisition of 1,45,63,787 Equity Shares (10.214% of paid-up equity share capital) of Bir la Tyres Limited ('company') by the I3ank on May l 0, 2022, pursuant to invocation of Pledge of Shares and letter dated May 18, 2022 intimating sale of 38,72,595 shares of the company during the period May 11, 2022 to May 17, 2022 and letter dated June 1, 2022 intimating sale of 24,25,000 shares and 27,50,000 shares of the company on May 30, 2022 and May 31, 2022 respectively, we wish to inform that the Bank has further sold 24,10,483 shares and 31,05,709 shares of Birla Tyres Limited on August 5, 2022 and August 16, 2022 respectively.Accordingly, the shareholding percentage of the Bank in the company has become Nil. | Download
Indusind Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) - With reference to our letter dated May 11, 2022 intimating acquisition of 1,45,63,787 Equity Shares (10.214% of paid-up equity share capital) of Bir la Tyres Limited ('company') by the I3ank on May l 0, 2022, pursuant to invocation of Pledge of Shares and letter dated May 18, 2022 intimating sale of 38,72,595 shares of the company during the period May 11, 2022 to May 17, 2022 and letter dated June 1, 2022 intimating sale of 24,25,000 shares and 27,50,000 shares of the company on May 30, 2022 and May 31, 2022 respectively, we wish to inform that the Bank has further sold 24,10,483 shares and 31,05,709 shares of Birla Tyres Limited on August 5, 2022 and August 16, 2022 respectively.Accordingly, the shareholding percentage of the Bank in the company has become Nil. | Download
Cash Dividend INDUSINDBK
Final • Div/Share: ₹ 8.5
NAVThe net asset value (NAV) of an ETF is based on the current prices of the stocks/assets in the fund and an actual accounting of the total cash in the fund at the time of calculation. Market price can be different from real time NAV due to late market activity and both tend to converge periodically. A market price close to real time NAV is much better for investment!
Insufficient Data