Tracking Nifty50 Shariah - TRI
Current price is close to the real time NAV
Hefty expense ratio implies reduced 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
Good time to consider, as ETF is not in overbought zone
Reliance Nippon Life Asset Management or RNAM is one of India’s two largest asset management companies. Currently, it has over $60 billion in its corpus. It is a wholly owned subsidiary of the Reliance Anil Dhirubhai Ambani or ADA Group.
Unlock exclusive stocks’ data & unlimited access with Tickertape Pro
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