Tracking Nifty 50 Index
Current price is far from the real time NAV
Less expense ratio implies better returns over the long term
ETF has been able to closely match its benchmark's returns
ETF has been generating better price return than bank FD
Good time to consider, as ETF is not in overbought zone
UTI AMC commenced operations from February 1, 2003. It has been promoted by four sponsors, namely, SBI, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank and each of them hold 25% of the paid up capital of UTI AMC.
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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 far from the real time NAV