The current market price of Axis NIFTY Bank ETF is ₹598.24. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.

Axis NIFTY Bank ETF managed by Axis Asset Management Company Limited seeks returns before expenses closely corresponding to NIFTY Bank TRI through a passive equity scheme focused on bank exposure. The fund employs passive replication to track Nifty Bank TRI, maintaining tight tracking with a reported tracking error of 0.0% and objective to mirror index total returns prior to expenses. Portfolio is heavily concentrated in Financial Services (100.0%), with top holdings HDFC Bank 22.0%, ICICI Bank 18.2%, State Bank of India 10.4%, Axis Bank 10.1% and Kotak Mahindra 8.9% respectively. Performance shows 1Y return -9.4%, 3Y CAGR 7.9% and 5Y CAGR 10.8%, reflecting index performance, and minimal tracking error 0.0% indicates consistent replication with limited active drift risk and stability. Operationally the Axis NIFTY Bank ETF reports AUM ₹417.1 Cr (monthly average ₹416.6 Cr), expense ratio 0.2%, minimal cash 0.0%, managed by Mr. Karthik Kumar since Aug 2023 (16 years).

Axis NIFTY Bank ETF is designed to track Nifty Bank TRI, allowing investors to gain exposure to its underlying securities through a single investment.

The expense ratio of Axis NIFTY Bank ETF is 0.20%. This represents the annual fee charged by the fund house for managing the ETF and is deducted from the fund’s assets.

The Assets Under Management (AUM) of Axis NIFTY Bank ETF is approximately ₹417.08. AUM reflects the total market value of assets managed by the ETF and is often used as an indicator of fund size and liquidity.

Axis NIFTY Bank ETF is classified under the Very High risk category. The risk level depends on the volatility of the underlying index, market conditions, and asset composition of the ETF.

The tracking error of Axis NIFTY Bank ETF is 0.03%. Tracking error measures how closely the ETF’s performance matches its benchmark index over time.

Axis NIFTY Bank ETF has a dividend yield of 0.98%. Dividend treatment depends on the ETF structure and fund house policy.

Based on available data, Axis NIFTY Bank ETF has delivered the following returns: 1-year return: 5.01%. 3-year return: 31.15%. 5-year return: 66.55%. Past performance does not guarantee future results.

Before investing in Axis NIFTY Bank ETF, investors generally consider the underlying index, expense ratio, tracking error, risk profile, liquidity, and how the ETF fits within their overall portfolio strategy.