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ICICI Prudential Nifty Bank ETF
ICICIBANKNTracking Nifty Bank Index
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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
ETF has been able to closely match its benchmark's 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
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
ICICI Prudential Asset Management Company Ltd. is the leading AMC in the leading AMC in the country. The AMC is joint venture between ICICI Bank and Prudential Plc, one of the UK's largest players in the financial services sectors.
PeersCompare with peers
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General updates AXISBANK
This is in continuation of our letter no. AXIS/CO/CS/544/2021-22 dated January 10, 2022, regarding re-appointment of Rajiv Anand as the Deputy Managing Director of the Bank, for a further period of three years, from August 4, 2022 to August 3, 2025 (both days inclusive), subject to the approval of the Reserve Bank of India (￢ﾀﾜRBI￢ﾀﾝ).In this regard, we wish to inform you that the RBI vide its letter dated June 24, 2022, has approved the above re-appointment. | Download
This is in continuation of our letter no. AXIS/CO/CS/544/2021-22 dated January 10, 2022, regarding re-appointment of Rajiv Anand as the Deputy Managing Director of the Bank, for a further period of three years, from August 4, 2022 to August 3, 2025 (both days inclusive), subject to the approval of the Reserve Bank of India (￢ﾀﾜRBI￢ﾀﾝ).In this regard, we wish to inform you that the RBI vide its letter dated June 24, 2022, has approved the above re-appointment. | Download
Cash Dividend PNB
Final • Div/Share: ₹ 0.64
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