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NV20IETF

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Analysis and statistics

  • Open
    14.8192$
  • Previous Close
    14.4425$
  • 52 Week Change
    --
  • Day Range
    0.38$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

NV20IETF.NSE represents the Nippon India Nifty 200 Momentum 30 ETF listed on the National Stock Exchange of India (NSE). This Exchange Traded Fund (ETF) aims to replicate the performance of the Nifty 200 Momentum 30 Index, which tracks the 30 stocks with the highest momentum within the Nifty 200 universe. Investors can buy and sell units of this ETF on the NSE like any other stock, providing a convenient way to gain exposure to a portfolio of Indian companies exhibiting strong price momentum.
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Factors

Underlying Nifty 20 Index Performance: The ETF price mirrors the Nifty 20 index. Index gains drive ETF price up, losses drive it down.

Supply and Demand: High demand relative to supply pushes the ETF price up. Conversely, high supply reduces the price.

NAV (Net Asset Value): The NAV represents the intrinsic value. Market prices tend to align with the NAV, but deviations exist.

Expense Ratio: Higher expense ratios subtly reduce returns, potentially impacting the long-term price compared to a lower-cost ETF.

Tracking Error: Imperfect replication of the Nifty 20 can cause price divergence, affecting returns relative to the index.

Market Sentiment: Broad market optimism or pessimism can influence investor demand and thus the ETF's price.

Dividend Payments from Underlying Stocks: Dividends increase the NAV and can influence the ETF's attractiveness.

Economic Factors: Interest rates, inflation, and economic growth prospects indirectly impact stock valuations and, therefore, the ETF.

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