HSL Mobile App ICICI Prudential Private Banks ETF
| Scheme Features (View Report) | |
| NFO Period | August 01, 2019 to August 06, 2019 |
| MICR Cheques | Till end of business hours on August 06, 2019 |
| RTGS and transfer cheques | Till end of business hours on August 06, 2019 |
| Switches | Switches are not allowed |
| Min. Application amt. during the NFO | Rs.5,000/- (plus in multiple of Re.1 thereafter) |
| Benchmark | Nifty Private Bank Index |
| Fund Manager | Kayzad Eghlim |
| Basket size^ | 15,000 units. (Approx Rs.24,45,000)* |
| Listing | Units will be listed on NSE & BSE. |
Why Banking Sector?
- Robust Demand: Increase in working population and growing disposable income will raise the demand of banking sector.
- Business Fundamentals : Healthy business fundamentals can be reflected through high interest margins.
- Innovation in Services : Mobile banking, internet banking & various extensions of facilities at the ATM’s will improve the operational efficiency.
- Policy Support : Industry has healthy regulatory oversight along with credible monitory policy by the Reserve Bank of India.
Nifty Private Bank Index Past Performance.
Nifty Private Bank Index has consistently offered higher risk adjusted returns over various time periods
| Index | Nifty Private Bank Index | Nifty 50 Index | Nifty 500 Index | |||
| Period | Returns(%) | Risk Adjusted Returns | Returns(%) | Risk Adjusted Returns | Returns(%) | Risk Adjusted Returns |
| 1 Year | 8.10% | 0.49 | 5.50% | 0.4 | 1.90% | 0.14 |
| 3 Years | 15.60% | 1.05 | 11.60% | 1 | 10.40% | 0.85 |
| 5 Years | 16.70% | 0.95 | 9.70% | 0.73 | 9.80% | 0.72 |
| 7 Years | 19.70% | 0.97 | 13.10% | 0.94 | 13.50% | 0.98 |
| 10 Years | 20.00% | 0.91 | 11.40% | 0.73 | 11.40% | 0.75 |
Nifty Private Bank Index
Nifty Private Bank Index Constituents:-
| Securities | Weightage |
| HDFC Bank Ltd. | 29.70% |
| ICICI Bank Ltd. | 19.60% |
| Kotak Mahindra Bank Ltd. | 14.80% |
| Axis Bank Ltd. | 14.50% |
| IndusInd Bank Ltd. | 11.30% |
| RBL Bank Ltd. | 3.10% |
| Federal Bank Ltd. | 2.90% |
| Yes Bank Ltd. | 2.30% |
| IDFC First Bank Ltd. | 1.10% |
| DCB Bank Ltd. | 0.80% |
How To Invest :
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