Axis Banking ETF
AXISBNKETFTracking 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!
Current price is close to the real time NAV
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
Insufficient Data
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
Insufficient Data
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
Good time to consider, as ETF is not in overbought zone
Key Metrics
AMC profile
Axis Asset Management Company Ltd. is the mutual fund investment wing of Axis Bank, the 3rd largest private bank in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.
PeersCompare with peers
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Recent NewsAll news
Taking Stock | Last hour selling drags indices; Sensex, Nifty lost 2% in April
15 hours ago•Moneycontrol
Indian banks to benefit from strong domestic economic growth: Moody’s
15 hours ago•Business Standard
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Recent EventsAll events
Schedule of Analysts/Institutional Investor Meet/Con. Call KOTAKBANK
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the representative(s) of Kotak Mahindra Bank Limited will be speaking to investors at Axis Capital India Financials Conference through an audio/video conference call on May 19, 2022. | Download
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the representative(s) of Kotak Mahindra Bank Limited will be speaking to investors at Axis Capital India Financials Conference through an audio/video conference call on May 19, 2022. | Download
Cash Dividend HDFCBANK
Final • Div/Share: ₹ 15.5
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!
Current price is close to the real time NAV