HDFC Nifty Private Bank ETF
Equity
Direct
Sector - Financial Services
NAV: ₹ 232.3 as on 26-09-2023
Fund Performance
Fund Insights
This fund has one of the lowest expense ratio in the category (sector - financial services). Its expense ratio is 0.15% which is lower than the category average expense ratio of 1.02%.
Over the last 6 months, this fund has experienced a 2600.6% growth in AUM moving from 11.93 Cr to 322.29 Cr.
About the Fund
HDFC Nifty Private Bank ETF is an equity fund. This fund was started on 14 November, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Nifty Private Bank ETF has ₹322 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.2.
HDFC Nifty Private Bank ETF Overview
 | 0.15% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹322 Cr |
 | 14 November, 2022 |
 | ₹0/₹0 |
 | 0% |
 | No Lock-in |
 TurnOver | 10.31% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
80.7%
Mid cap
14.9%
Small cap
4.3%
Sector Allocation
Financial Services
100%
Top Holdings of HDFC Nifty Private Bank ETF as on (31-Aug-23)
Equity Holdings10
HDFC Nifty Private Bank ETF: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -1.79% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund underperformed Nifty 500 by 1.04% in Aug'23
AUM Change
- AUM of the fund stands at 322.3 Cr as of Aug'23
- AUM decreased by 6.2 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in HDFC Nifty Private Bank ETF portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Federal Bank Ltd | 6.6% |
 RBL Bank Ltd | 6.3% |
 IDFC First Bank Ltd | 5.5% |
Top Losers | 1M Return |
|---|---|
 HDFC Bank Ltd | -5.5% |
 Kotak Mahindra Bank Ltd | -4.9% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 2223.14% since inception (14nd Nov 2022)
Fund Allocations
This fund has an allocation of 99.8% in Equity, 0% in Debt and 0.2% in Cash related instruments
AUM size ₹322 Cr
This fund has AUM of ₹322 Cr which is less than its category average of ₹ 1453 Cr
Expense Ratio 0.15%
This fund has an expense ratio of 0.15% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of HDFC Nifty Private Bank ETF is ₹232.31 as on 26-Sep-2023.
Existing (Absolute + CAGR) as on 26-Sep-2023.
HDFC Nifty Private Bank ETF | Absolute Returns | CAGR Returns |
1 Month Returns | 0.41% | 0.41% |
6 Month Returns | 16% | 16% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.15% as on August 2023
₹322 Cr as on August 2023
ICICI Bank Ltd(25.41%), HDFC Bank Ltd(24.46%), Axis Bank Ltd(10.5%), IndusInd Bank Ltd(10.48%), Kotak Mahindra Bank Ltd(9.8%) as on August 2023
The alpha ratio for the HDFC Nifty Private Bank ETF for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Nifty Private Bank ETF | - | - | - |
As on August 2023
The alpha for HDFC Nifty Private Bank ETF is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HDFC Nifty Private Bank ETF for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Nifty Private Bank ETF | - | - | - |
As on August 2023
The Beta for HDFC Nifty Private Bank ETF is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HDFC Nifty Private Bank ETF for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Nifty Private Bank ETF | - | - | - |
As on August 2023
The sharpe ratio for HDFC Nifty Private Bank ETF is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HDFC Nifty Private Bank ETF for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Nifty Private Bank ETF | - | - | - |
As on August 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.