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ICICI Prudential Nifty Bank ETF

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    ICICI Prudential Nifty Bank ETF

    ICICIBANKNETF
    391.402.37 (+0.61%)

    Tracking Nifty Bank Index

    Investment Checklist

    NAV
    The 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 Ratio
    ETFs 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 Error
    Tracking 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 Rates
    Fixed 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 Point
    High 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

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    OverviewPeersNewsEvents
    201

    News & Opinions

    201
    Articles & Videos
    News Thumbnail
    Latest

    ETMarkets Trade Talk: Chennai software engineer who became a crorepati by selling Bank Nifty options

    4 hours ago•Economic Times

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    Latest
    News Video

    Final Trade : Nifty & Bank Nifty Levels & Trading Strategies By Anil Singhvi

    3 days ago•Zee Business

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    Latest

    Russia wants payment messaging system to align, but Indian banks wary

    3 days ago•Business Standard

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    Federal Bank Ltd up for fifth session

    3 days ago•Business Standard

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    Taking Stock: Indices hit four-month high post US inflation data, Nifty tops 17,600

    4 days ago•Moneycontrol

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    TVS Motor Company Ltd up for fifth session

    4 days ago•Business Standard

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    In the short term, IT and banking to benefit most as FIIs return: Rajat Sharma

    4 days ago•Economic Times

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    Consensus trade? 5 bank stocks to bet on now: Gurmeet Chadha

    4 days ago•Economic Times

    News Thumbnail

    Share Market Live: Sensex falls 100 pts, Nifty below 17,500; NTPC, HCL Tech top losers

    5 days ago•Business Today

    News Thumbnail

    Australia’s CBA Lags Bank Stocks as Demand Fears Outweigh Profit

    5 days ago•Investing.com

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    NSE & BSE – SEBI Registration No: INZ000031633 | CDSL - SEBI  Registration No: IN-DP-431-2019

    Zerodha - NSE & BSE – SEBI Reg. No.: INZ000031633
    Zerodha - CDSL - SEBI Reg. No: IN-DP-431-2019