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ICICI Prudential Nifty Bank ETF

ICICIBANKNETF

Tracking Nifty Bank Index

ETFEquity
SectoralETF tracks sectoral indices
Medium LiquidityAverage daily traded value of the ETF is medium
244.641.22 (+0.50%)

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Investment Checklist

NAV
The 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

Expense Ratio
ETFs 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 Error
Tracking 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 Rates
Fixed 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

Insufficient Data

Entry Point
High 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

Good time to consider, as ETF is not in overbought zone

ETFEquity
SectoralETF tracks sectoral indices
Medium LiquidityAverage daily traded value of the ETF is medium

Key Metrics

Realtime NAVRealtime NAV
AUMAUM
₹ 574.68cr
Expense RatioExpense Ratio
0.16%
Sector Expense RatioSctr Expense Ratio
0.22%
Tracking ErrorTracking Error
6.56%
Sector Tracking ErrorSctr Tracking Error
2.23%

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.

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Recent EventsAll events 

Analysts/Institutional Investor Meet/Con. Call Updates FEDERALBNK
Announced OnOct 22, 2020

The Federal Bank Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates | Download

The Federal Bank Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates | Download

Allotment of Securities ICICIBANK
Announced OnOct 22, 2020

ICICI Bank Limited has informed the Exchange regarding allotment of 74333 securities pursuant to ESOP/ESPS at its meeting held on October 22, 2020 | Download

ICICI Bank Limited has informed the Exchange regarding allotment of 74333 securities pursuant to ESOP/ESPS at its meeting held on October 22, 2020 | Download

Cash Dividend RBLBANK
Ex. DateMar 23, 2020

Interim • Div/Share: ₹ 1.5

See all events