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Mirae Asset Nifty PSU Bank ETF

BANKPSU
ETF

Tracking Nifty PSU Bank Index

ETFEquity
Multicap ETF
High LiquidityAverage daily traded value of the ETF is high
65.830.56 (-0.84%)

Price Chart

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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 not been able to closely match its benchmark 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

Insufficient Data

ETFEquity
Multicap ETF
High LiquidityAverage daily traded value of the ETF is high

Key Metrics

Realtime NAVRealtime NAV
₹ 65.67
AUMAUM
₹ 45.80cr
Expense RatioExpense Ratio
0.18%
Sector Expense RatioSctr Expense Ratio
0.26%
Tracking ErrorTracking Error
0.07%
Sector Tracking ErrorSctr Tracking Error
0.13%

AMC profile

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

Recent EventsAll events 

Credit Rating- New INDIANB
Announced OnDec 27, 2024

Indian Bank has informed the Exchange about assignment of fresh rating by CRISIL Ratings Ltd. to outstanding Tier 2 Bonds Series III of Rs.1000 crore of the Bank (ISIN - INE428A08051) | Download

Indian Bank has informed the Exchange about assignment of fresh rating by CRISIL Ratings Ltd. to outstanding Tier 2 Bonds Series III of Rs.1000 crore of the Bank (ISIN - INE428A08051) | Download

Trading Window-XBRL SBIN
Announced OnDec 27, 2024

STATE BANK OF INDIA has informed the Exchange about Closure of Trading Window | Download

STATE BANK OF INDIA has informed the Exchange about Closure of Trading Window | Download

Cash Dividend UNIONBANK
Ex. DateJul 19, 2024

Final • Div/Share: ₹ 3.6

See all events