Current price is close to the real time NAV

Less expense ratio implies better returns over the long term

Expense Ratio

ETF has been able to closely match its benchmark's returns

Tracking Error

ETF has been generating better price return than bank FD

Return vs FD Rates

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

Entry Point

Amit Jain of Ashika Global Family Office Services continues to be bullish in banks, especially in PSU banks and some small private banks.

Daily Voice | Small, microcap valuations look overly heated compared to growth potential, says this market veteran

Median MCLR stable for public sector banks as well as private banks.

Banking Sector Check - Rise In Outstanding WADTDR Ahead Of Rise In Outstanding WALR: ICICI Securities

Trade Talk | Do PSU Banks have the legroom to catch-up with Private Banks @Sharekhan’s Rahul Malani shares insights on PSU banksStocks to watch going into tradeAll this and more on Trade Talk with Alex and Hiral.

Trade Talk | Do PSU Banks have the legroom to catch-up with Private Banks

Bank Nifty gained 1.1% yesterday, leading to breakout of range. All stocks in index in green; IndusInd Bank & AU Small Finance Bank up 1.9 & 1.8%. Nifty Private Bank & PSU Bank indices up 1% & 0.7%. Bank Nifty futures opened higher at 44,705 & now trading around 44,970, up 1%.

Bank Nifty prediction today – August 24, 2023: Stay cautious; buy only if the price moderates

Bank Nifty opened today’s session with a gap-up at 43,952. It is currently hovering around 43,950, up 0.2%. Private banks have outperformed public sector peers. Bank Nifty futures opened lower but are now up 0.2%.

Bank Nifty prediction today–August 21, 2023: Index might bounce off the support

Having underperformed for nearly three years, would it be time for the private banks to turn around?

Nifty In Technical Charts: Nifty Down Into Support

To usher in India’s next growth stage, the country would need credit to grow by 18-20% annually. Banks may fall short in meeting this demand. NBFCs, along with banks, can play an essential role in meeting the nation’s demand for credit. The number of private banks also needs to increase to foster b…

Grow, credit, grow! 18-20% a year

“Within banks, if you look at the way the entire segment has played out, the larger private banks, despite the fact that they have seen improvement in terms of profitability, have not seen multiples re-rate. Therefore, their multiples remain at long-term average levels, despite seeing significant i…

Shibani Sircar Kurian on 4 sectors one can be positive about now

The NSE Nifty declined by 114.80 points or 0.59% to end at 19,428.30.

Stock markets decline for second day on losses in private banks, weak global trends

Minister of State, Dr Bhagwat Karad pointed that these banks collected over Rs 21,000 crore on account of non-maintenance of minimum balance, while over Rs 8,000 was generated due to additional ATM transactions, and SMS services added over Rs 6,000 crore.

PSBs, top private banks collected over Rs 35,000 crore in penalties since 2018

Public Sector Banks and 5 major public sector banks collected over Rs 35000 crore charges since 2018 on account of non-maintenance of minimum balance, additional ATM transactions and SMS Services, Finance Ministry informed the Rajya Sabha.

Public sector banks, major private banks collected over ₹21,000 cr for not maintaining minimum balance in accounts

ICICI Prudential Private Banks ETF objective is to provide returns before expenses that closely correspond to the total return of the Nifty Private Bank Index subject to tracking errors