Aditya Birla Sun Life Nifty Bank ETF

(ABSLBANETF)

Aditya Birla Sun Life Nifty Bank ETF is a type of investment fund that allows investors to invest in a basket of stocks from the banking sector. It is an exchange-traded fund (ETF) which means that it can be bought and sold on stock exchanges like any other stock. The fund is designed to track the performance of the Nifty Bank Index, which is a benchmark index comprising of 12 banking stocks listed on the National Stock Exchange of India.

By investing in the Aditya Birla Sun Life Nifty Bank ETF, investors can gain exposure to the banking sector, which is an important component of the Indian economy. This ETF provides a cost-effective and efficient way to invest in the banking sector, as it allows investors to diversify their portfolio across a range of stocks, rather than investing in individual stocks.

Investors can buy and sell units of the Aditya Birla Sun Life Nifty Bank ETF on the stock exchange just like any other stock, making it easy to invest and exit. The ETF is managed by Aditya Birla Sun Life AMC Limited, which is a subsidiary of the Aditya Birla Capital Limited, a well-known financial services company in India.

Owner: Aditya Birla Sun Life Mutual Fund
Ticker: ABSLBANETF
Price: ₹52.00 per unit as on 23 Dec, 2024 04:01 PM
Asset Under Management AUM: ₹2,694.56Cr as of today
Expense Ratio: 0.17% as of today