ICICI Prudential Private Banks ETF

ICICIBANKPETF
219.202.43 (+1.12%)

Tracking Nifty Private 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 not been able to generate 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

Good time to consider, as ETF is not in overbought zone

OverviewPeersNewsEvents

News & Opinions

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Latest

Rate sensitive shares trade mixed as RBI hikes repo rate by 35 bps to 6.25%

1 day ago•Business Standard

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Latest

Morgan Stanley Raises Price Target For Most PSU Banks As It Sees Growth Lasting For Years

2 days ago•Bloomberg Quint

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Latest

Will RBI devise rules to regulate public sector banks amid rising scams

3 days ago•Business Standard

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Bank Locker Charges: Check out locker charges at these leading government and private banks

5 days ago•Firstpost

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Daily Voice | Private banks, healthcare, telecom may outperform in 2023, says Manishi Raychaudhuri of BNP Paribas Securities

1 week ago•Moneycontrol

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Nifty Bank Outlook: Keep booking profits at high; Canara Bank, PNB and BOB to do well among PSBs

1 week ago•Business Today

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News Video

Live | PSU Banks या Private Banks: कौन दे रहा है Share Market में अभी कमाई के ज्यादा मौके?

2 weeks ago•CNBC Awaaz.

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Nifty Bank Outlook: A close below 42,000 may attract selling; book profits in PSU banks

2 weeks ago•Business Today

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Polarisation in banks’ performance, deposits to lag credit growth: S&P Report

3 weeks ago•The Hindu Businessline

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‘Be watchful’: RBI Governor Shaktikanta Das to PSU, private banks MD and CEOs amid fears of global slowdown

3 weeks ago•Business Today

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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