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ABSL Bank Nifty ETF

ABSLBANETF

₹52.65-₹0.11 (-0.21%) TodayLast updated on 08 Nov, 2024 | 15:29 IST

ABSL Bank Nifty ETF Chart

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etf-price-point
ETF is trading at a premiumMarket price ₹52.65 is higher than iNAV ₹52.36
👎 Be cautious, the ETF is expensive right now
  • Fund overview
  • Returns
  • Composition
  • Events
  • More

Fund overview

About
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Open
₹53.19
Close
₹52.76
Volume
14,196
Avg. traded
₹52.56
Circuit range
₹42.17 - ₹63.26
Day range
₹52.24 - ₹53.19
Year range
₹40.82 - ₹55.51
AUM
₹2,777.39 Cr

Managers

Haresh Mehta
Launch Date
24 Oct 2019
ABSL Bank Nifty ETF

About Aditya BSL Nifty Bank ETF (ABSLBANETF)

  • The Aditya BSL Nifty Bank ETF (ABSLBANETF) is an exchange-traded fund (ETF) that tracks the performance of the Nifty Bank Index.
  • Managed by Aditya Birla Sun Life AMC Limited, this ETF provides investors an option to gain exposure to the banking sector.
  • This ETF’s launch date is October 23, 2019.
  • The Aditya BSL Nifty Bank ETF’s assets under management (AUM) is ₹2,721 crore as of June 30, 2024.
  • The fund’s managers are Haresh Mehta and Pranav Gupta.
  • When trading on stock exchanges, units of the ETF can be bought and sold in lots of one unit during trading hours on all trading days on the NSE and BSE.
  • The units can be purchased directly through a demat account with a registered broker.

Investment Objective and Benchmark

  • The Nifty Bank TRI is the benchmark index for the Aditya Birla Sun Life Nifty Bank ETF.
  • The ETF’s investment objective is to produce returns that are almost equal to the cumulative returns of the securities that make up the Nifty Bank Index.
  • It attempts to mirror the performance of the top banking stocks listed on the NSE.
  • The banking industry is likely to maintain a steady growth trend thanks to the rising demand for financial services and the growing size of the Indian economy.
  • Since the investment is mostly in large companies, the ETF protects investors from risk associated with smaller firms.
  • The banking sector follows stringent regulations, ensuring that investor’s risk is limited against any corporate frauds.

Asset Allocation and Portfolio Composition

  • The asset allocation of the Aditya BSL Nifty Bank ETF is predominantly focused on the banking sector, in line with its benchmark, the Nifty Bank Index.
  • Under normal circumstances, the fund invests a minimum of 95% and up to 100% of its total assets in stocks that comprise the Nifty Bank Index. It allocates between 0% and 5% to debt and money market instruments.
  • The 12 banking stocks that comprise the Nifty Bank Index are included in the portfolio composition.
  • The market capitalisation of these stocks determines their weightage, which makes sure the ETF replicates the performance of the benchmark index as closely as possible.
  • Top 10 company holdings constitute 95.03% of the ETF's asset allocation.

The 10 holdings of the Aditya BSL Nifty Bank ETF as of April 30, 2024, and their portfolio weights in percentage, are:

  • HDFC Bank Limited: 29.04%
    • ICICI Bank Limited: 23.81%
    • Axis Bank Limited: 9.76%
    • State Bank of India: 9.57%
    • Kotak Mahindra Bank Limited: 7.91%
    • IndusInd Bank Limited: 6.44%
    • Bank of Baroda: 3.37%
    • Punjab National Bank: 2.70%
    • The Federal Bank Limited: 2.34%
    • IDFC First Bank Limited: 2.09%

The fund has delivered a return of 13.98% in the last year as of July 31, 2024, compared to the benchmark index's yield of 14.15%

Since its inception, Aditya BSL Nifty Bank ETF has posted a return of 13.05%.

Key indicators

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Tracking index
Nifty Bank

Expense Ratio

0.17%
Tracking error
0.05%

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Investment checklist: (3/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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Entry Point

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Returns

Returns vs Benchmark
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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ABSL Bank Nifty ETF Shareholder returns

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1 day
-0.61%
1 week
-0.53%
1 month
+1.06%
3 months
+3.33%
1 year
+19.13%
3 years
-86.65%
5 years
-82.97%

ABSL Bank Nifty ETF Price history

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DayOpenCloseChange %
Fri, Nov 8 2024
₹53.19
₹52.44
-0.61%
Thu, Nov 7 2024
₹53.18
₹52.76
-0.81%
Wed, Nov 6 2024
₹51.75
₹53.19
+0.62%
Tue, Nov 5 2024
₹51.40
₹52.86
+1.52%
Mon, Nov 4 2024
₹52.98
₹52.07
-1.23%
Fri, Nov 1 2024
₹52.00
₹52.72
+0.67%
Thu, Oct 31 2024
₹53.59
₹52.37
-0.70%
Wed, Oct 30 2024
₹53.95
₹52.74
-0.64%

Frequently asked questions

What is the ABSL Bank Nifty ETF share price today?

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ABSL Bank Nifty ETF share price is ₹ 52.65 today.

What is today’s high & low share price of ABSL Bank Nifty ETF?

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ABSL Bank Nifty ETF share price high: ₹ 53.19 and low: ₹ 52.24

What is Assets Under Management (AUM) of ABSL Bank Nifty ETF shares today on the NSE?

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ABSL Bank Nifty ETF Assets Under Management (AUM) of ₹ 2,777.39 Crores.

What is the ABSL Bank Nifty ETF share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 55.51 and Low Price is ₹ 40.82

What is the ABSL Bank Nifty ETF Stock Symbol?

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The ABSL Bank Nifty ETF Stock symbol is ABSLBANETF.

Can I buy ABSL Bank Nifty ETF shares on Holidays?

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No, shares of ABSL Bank Nifty ETF or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell ABSL Bank Nifty ETF shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.