ICICI Prudential Nifty Bank ETF
ICICIBANKNTracking Nifty Bank Index
Price Chart
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!
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Expense RatioETFs 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 ErrorTracking 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 RatesFixed 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
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Entry PointHigh 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
Not a good time to invest, ETF is in overbought zone
Key Metrics
AMC profile
ICICI Prudential Asset Management Company Ltd. is the leading AMC in the leading AMC in the country. The AMC is joint venture between ICIC Bank and Prudential Plc, one of the UK's largest players in the financial services sectors.
PeersCompare with peers
Nippon India Nifty Bank Bees ETF
Kotak Nifty Bank ETF
SBI Nifty Bank ETF
Axis Banking ETF
HDFC Banking ETF
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Recent NewsAll news
Day trading guide: Bank Nifty could attract profit booking if it fails to hold 32,500
3 days ago•Economic Times
Bank Nifty Jumped to a Lifetime High on Lower Inflation/Hopes of Further Rate Cut - Investing.com India
3 days ago•Investing.com
Banking stocks hold steady; PSU Banks continue winning streak; IndusInd Bank, PNB, Bank of Baroda top gainers
3 days ago•India Infoline
Recent EventsAll events
Updates KOTAKBANK
Kotak Mahindra Bank Limited has informed the Exchange regarding 'Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose a copy of the Notice published today by Kotak Mahindra Bank Limited ( Bank ) in Business Standard, an English daily and in Navakal, a Marathi daily, with respect to the Meeting of the Board of Directors of the Bank scheduled to be held on Monday, January 25, 2021 to, inter alia, consider and take on record the Unaudited Standalone and UnauditedConsolidated Financial Results of the Bank for the quarter and nine months ended December 31, 2020.'. | Download
Kotak Mahindra Bank Limited has informed the Exchange regarding 'Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose a copy of the Notice published today by Kotak Mahindra Bank Limited ( Bank ) in Business Standard, an English daily and in Navakal, a Marathi daily, with respect to the Meeting of the Board of Directors of the Bank scheduled to be held on Monday, January 25, 2021 to, inter alia, consider and take on record the Unaudited Standalone and UnauditedConsolidated Financial Results of the Bank for the quarter and nine months ended December 31, 2020.'. | Download
Updates SBIN
State Bank Of India has informed the Exchange regarding 'On the basis of the appeal filed by the Bank with the Securities Appellate Tribunal (SAT), Mumbai, the SAT vide its decision dated 07th January, 2021, has decided and ordered that appeal is partly allowed by substituting the monetary penalty of Rs. 10 lakhs imposed on the Bank with that of a warning.'. | Download
State Bank Of India has informed the Exchange regarding 'On the basis of the appeal filed by the Bank with the Securities Appellate Tribunal (SAT), Mumbai, the SAT vide its decision dated 07th January, 2021, has decided and ordered that appeal is partly allowed by substituting the monetary penalty of Rs. 10 lakhs imposed on the Bank with that of a warning.'. | Download
Cash Dividend RBLBANK
Interim • Div/Share: ₹ 1.5
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!
Insufficient Data