appTracking Nifty Bank Index
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
ETF has been generating better price return than bank FD
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
Edelweiss ETF-Nifty Bank
EBANKTracking 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!
Insufficient Data
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
ETF has been generating better price return than bank FD
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
Edelweiss Asset Management Limited (EAML) is part of the Investment & Advisory line of Business of Edelweiss Group. EMAL is one of the fastest growing and young AMCs’ in India.
PeersCompare with peers
Nippon India ETF Bank BeES
SBI-ETF Nifty Bank
Kotak Mahindra Asset Management Company Limited
UTI Bank ETF
HDFC Banking ETF
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Cessation AUBANK
In terms of the Regulation 30 of the Listing Regulations, we hereby inform that Mr. Krishan Kant Rathi (DIN:00040094) and Ms. Jyoti Narang (DIN: 00351187), Independent Directors of the AU Small Finance Bank Limited (the Bank), have completed their tenure under the Companies Act, 2013 and the Banking Regulation Act, 1949 on 29th March, 2023 and will cease to be independent directors of the Bank from the close of business hours on 29th March, 2023.The Board of Directors and the entire AU Bank family places on record their sincere appreciation for valuable contributions made by Mr. Krishan Kant Rathi and Ms. Jyoti Narang during their tenure and wishes them the best for their future endeavours.This is for your kind information and records. | Download
In terms of the Regulation 30 of the Listing Regulations, we hereby inform that Mr. Krishan Kant Rathi (DIN:00040094) and Ms. Jyoti Narang (DIN: 00351187), Independent Directors of the AU Small Finance Bank Limited (the Bank), have completed their tenure under the Companies Act, 2013 and the Banking Regulation Act, 1949 on 29th March, 2023 and will cease to be independent directors of the Bank from the close of business hours on 29th March, 2023.The Board of Directors and the entire AU Bank family places on record their sincere appreciation for valuable contributions made by Mr. Krishan Kant Rathi and Ms. Jyoti Narang during their tenure and wishes them the best for their future endeavours.This is for your kind information and records. | Download
Cessation AUBANK
AU Small Finance Bank Limited has informed the Exchange regarding Cessation of Mr Krishan Kant Rathi as Non- Executive Independent Director of the company w.e.f. March 29, 2023. | Download
AU Small Finance Bank Limited has informed the Exchange regarding Cessation of Mr Krishan Kant Rathi as Non- Executive Independent Director of the company w.e.f. March 29, 2023. | 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