Tracking Nifty PSU Bank Index
Current price is close to the real time NAV
Less expense ratio implies better returns over the long term
ETF has not been able to closely match its benchmark returns
ETF has been generating better price return than bank FD
Not a good time to invest, ETF is in overbought zone
Nippon India Mutual Fund is one of India’s leading mutual funds, with Average Assets Under Management (AAUM) of Rs 2,79,431 Crores. NIMF has been established as a trust under the Indian Trusts Act, 1882 with Nippon Life Insurance Company as its Sponsor and Nippon Life India Trustee Ltd as its Trustee.
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1 hour ago•Economic Times
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4 hours ago•Free Press Journal
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