Current price is close to 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 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

National Stock Exchange (NSE) has retained Nifty weekly options contract while letting go Nifty Bank, Nifty Midcap Select and Nifty Financial Services, in line with the Sebi circular which mandates exchanges to provide derivatives contracts for only one of its benchmark index with weekly expiry, from November 20, 2024.

NSE chooses Nifty over Nifty Bank for weekly options contract. These 2 benchmarks to also go

SEBI directive leads NSE to discontinue weekly contracts on Bank Nifty, Nifty Midcap Select, and Nifty Financial Services.

NSE to discontinue F&O weekly contracts on Bank Nifty, 2 others

Sensex closed with a 0.18% gain led by banking stocks amid optimism over potential U.S. rate cuts. Key gainers included Kotak Bank and HDFC Bank. Star Health dropped 2% following a cyberattack disclosure, while VA Tech Wabag rose 5% on securing orders from Reliance Industries.

Market Wrap: Sensex, Nifty rise led by banking stocks; investors eye inflation data

Bank Nifty prediction today – October 10, 2024: The key levels to watch out for are 51,270 and 52,000

Bank Nifty prediction today – October 10, 2024: Stuck in a range, wait for a breakout

Derivatives market update Oct 10: FIIs open positions in Bank Nifty up over 200% since the start of Oct; overall long-short ratio in index futures now at lowest level since June.

Nifty weekly expiry in focus; FIIs pile up bearish bets in Bank Nifty

UBS bought 81 lakh shares in IDFC Limited for Rs 88 crore. IDFC Limited will be suspended from trading on Thursday, the record date for its merger with IDFC First Bank. Post-merger, IDFC First Bank’s weightage in Bank Nifty will increase, attracting $39 million in passive funds.

UBS buys 81 lakh shares of IDFC for Rs 88 crore via block deal ahead of stock’s suspension from Thursday

SBI share price today: SBI stock closed 1.91% higher at Rs 797 on BSE. Market cap of the bank stood at Rs 7.11 lakh crore.

SBI shares rose 36% in a year, beat Bank Nifty, Sensex returns; what’s next?

IDFC First Bank is seen attracting $39 million in passive inflows due to the corporate action. HDFC Bank Ltd is expected to see $11 million outflows, followed by ICICI Bank ($10 million), SBI $4 million) and Kotak Mahindra Bank ($4 million).

IDFC First Bank, IDFC merger: Will it influence Nifty Bank stocks?

Mumbai (Maharashtra) [India], October 9: Evonith Steel has successfully completed the refinancing of its Non - Convertible Debentures (NCDs) with a new facility of INR 1,700 Cr (c. US$ 200 Mn). This fundraising has allowed prepayment of all NCDs (NCD A & NCD B) held by Indian Banks alongside those held by AB Carval.

Evonith Steel successfully completes refinancing with an INR 1,700 crores facility

IDFC First Bank will increase its weight in the Bank Nifty index after merging with IDFC Ltd on October 10, attracting $39 million in passive funds amid adjustments affecting other banks.

IDFC First Bank merger record date tomorrow, weightage in Nifty Bank to increase

A total of 592,184 shares changed hands on the counter till 01:49PM (IST)

Canara Bank shares drop 0.47% as Sensex rises

NIPPON INDIA ETF Bank BeES objective is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank Index