Return for Bankbees vs Nifty Bank

General
1

If Nippon Bankbees consists of portfolio of stocks as per Nifty Bank, shouldn’t it’s return be more than Nifty Bank?

Reason is, Nifty Bank index is made up of 12 Banking stocks and most of them pay dividends. These dividends get reinvested by Bankbees, which should get reflected in the returns, making its CAGR more than Nifty Bank’s CAGR. (Theoretically, If you would have invested in all 12 Banking stocks as per the composition of Bank Nifty, you would have got dividends and also capital appreciation, with CAGR as represented by Bank Nifty)

But in case of Bankbees we are getting only CAGR equivalent to Bank Nifty. Please help clear my doubt.

2

Bankbees track Bank Nifty TRI. And TRI considers even corporate actions like dividends.
So if you check bankbees and bank nifty, then bankbees will definitely outperform.

3

@ShubhS9, why bankbees and niftybees LTP are not being updated in console. niftybees LTP is showing as 202.93 instead of current 219.51. Same with banknifty - showing 435.51 instead of 469.15.

4

This is happening due to Console sometimes picking the price of iNAVs for these ETFs. We’re working on fixing it.