Current price is far from the real time NAV

Less expense ratio implies better returns over the long term

Expense Ratio

ETF has not been able to closely match its benchmark returns

Tracking Error

ETF has not been able to generate better price return than bank FD

Return vs FD Rates

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

Entry Point

Bank Nifty trading lower, private banks underperforming, futures hovering around 51,380; next move depends on 51,200 or 51,500 break.

Bank Nifty Prediction today – Dec 20, 2024: Wait for clarity before taking fresh trades

The SBTC has banned the interstate bulk transfer of blood and its components till January 31, 2025. It took the step after finding that many private banks, especially from the Kolhapur and Solapur districts, were transferring large quantities of blood to private facilities in the neighbouring states at a higher processing fee.

Mumbai: Blood Banks Seek Permission To Share Surplus Stock Amid Statewide Shortage; SBTC Maintains Ban On Interstate Transfers

Private bank stocks, including HDFC Bank Ltd. and ICICI Bank Ltd., contributed heavily to the declines in both the Nifty 50 and Sensex.

Nifty, Sensex Drop Nearly 2% In Three Days Ahead Of US Fed Decision; Private Banks Stocks Weigh: Market Wrap

Properties worth Rs 2,565.90 crore that the ED attached in the Mehul Choksi case are now scheduled for auction. In addition, legitimate investors were given back assets from the National Spot Exchange Ltd. (NSEL) scam valued at Rs 17.47 crore. In the Nirav Modi case, properties valued at Rs 1,052.58 crore were also given back to both public and private banks.

FM Nirmala Sitharaman Lauds ED After ‘Returning’ Assets Worth ₹22,000 Crore From Fraudsters, Including Mehul Choksi & Vijay Mallya

The Nifty ended a volatile week with a modest gain, closing above the crucial 24700 resistance level. This positive move hinges on maintaining this level, with potential for further gains if held. Sectorally, Bank, Financial Services, Private Banks, and IT are expected to outperform, while PSU Bank, Realty, and Metal show improving relative strength.

Dalal Street Week Ahead: Will Nifty extend gains or re-enter consolidation?

IT, you can see across the board, the sector is witnessing new highs. Private banks, at least select private banks are touching new highs. Digital commerce companies are doing well. They are all in new highs, so on and so forth.

Trump 2.0 could alter FII flows and market dynamics: Rajesh Bhatia

Bank Nifty opens lower, private banks under selling pressure, potential breakout at 53,750 for bullish trend continuation.

Bank Nifty prediction today – December 11, 2024: Charting a sideways trend, stay out

The Central Crime Branch on Monday registered a cheating case against a city-based real estate company Ozone Urbana Developers Pvt. Ltd. along with the officials of private banks for allegedly cheating hundreds of home buyers and diverting the loan amount availed in the names of the buyers for personal gain.

Bengaluru: CCB books cheating case against real-estate firm and banks for cheating home buyers

RBI Monetary Policy: The recovery in domestic indices was majorly supported by banking counters. Top gainers in the 30-share BSE Sensex pack were ICICI Bank Ltd, Axis Bank and State Bank of India (SBI). Sub-index-wise, Nifty PSU Bank, Nifty Private Bank and Nifty Bank gained up to 1.15 per cent.

RBI policy: Two reasons why banking stocks are rising today

UCO Bank led PSU banks, rising 2.8% to Rs 51.10, followed by Canara Bank up 2.4% at Rs 110.75, and Bank of Baroda gaining 2% to Rs 264.95. SBI rose 1.2% to Rs 875.50 post-RBI’s policy decision. Among private banks, Axis Bank gained 2% to Rs 1,189.4, while ICICI Bank was up 1% at Rs 1,347.

Bank stocks rally up to 2% after RBI cuts CRR to 4%

Market expert Rahul Sharma sees Nifty reaching 24,800, fueled by strong banking and financial stocks. Private banks like ICICI and HDFC offer momentum plays. PSU banks provide better long-term value. Sharma recommends a basket of L&T, NTPC, Bharat Electronics, UltraTech Cement, and Siemens, anticipating a capex revival. CDSL and BSE offer profit-booking opportunities, while Angel One shows further upside potential.

Banks & financials likely to generate alpha & lead market in next 8-10 sessions: Rahul Sharma

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