Frequently Asked Questions
What is Nifty Bank?
Bank Nifty, or the NIFTY Bank Index, is a stock market index that tracks the performance of 12 major banking stocks listed on the National Stock Exchange (NSE) of India. It represents the banking sector’s overall health, covering both public and private sector banks.
What is CAGR?
CAGR stands for Compound Annual Growth Rate. In the stock market, it's a useful metric to measure the compound annual growth rate of an investment over a specific period of time, assuming the profits are reinvested at the end of each year. CAGR shows how much an investment grows each year on average.
What is the 3 year, 5 year and 10 Year CAGR (annualized return) of Nifty Bank?
CAGR (Compound Annual Growth Rate) of Nifty Bank is as follows:
- 3 Year CAGR: 11.95%
- 5 Year CAGR: 18.71%
- 10 Year CAGR: 12.40%
What is the 1 year return of Nifty Bank?
In the past 1 year, Nifty Bank has given a return of 11.97%.
How often the data is updated on this page?
The Current Market Price (CMP) and CAGR data are updated every 15 minutes during market hours. However, the current month's and current year's returns are updated daily after the market closes.