appTracking Nifty Private Bank Index
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
ETF has not been able to generate better price return than bank FD
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
ICICI Prudential Private Banks ETF
ICICIBANKPTracking Nifty Private Bank Index
Price Chart
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
ETF has not been able to generate better price return than bank FD
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
SBI ETF Private Bank
HDFC Nifty Private Bank ETF
DSP Nifty Private Bank ETF
Tata Nifty Private Bank Exchange Traded Fund
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Recent NewsAll news
Sensex, Nifty jump nearly 1% on gain in IT, banking shares; rally for third day on the trot
3 weeks ago•The Hindu
RBI ‘Closely’ Watching High Attrition At Some Private Banks: Das
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Recent EventsAll events
Allotment of Securities ICICIBANK
ICICI Bank has allotted 1,620,500 equity shares of face value of Rs 2 each on November 30, 2023 under the ICICI Bank Employees Stock Option Scheme-2000. The above allotment has been approved by two Executive Directors today at 05.47 pm (being time of the last approval) pursuant to the power delegated by the Board of Directors of the Bank at its meeting held on October 21, 2023. | Download
ICICI Bank has allotted 1,620,500 equity shares of face value of Rs 2 each on November 30, 2023 under the ICICI Bank Employees Stock Option Scheme-2000. The above allotment has been approved by two Executive Directors today at 05.47 pm (being time of the last approval) pursuant to the power delegated by the Board of Directors of the Bank at its meeting held on October 21, 2023. | Download
Cash Dividend RBLBANK
Final • Div/Share: ₹ 1.5
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