NIP ETF IT
ITBEES
₹45.03+₹0.23 (0.51%) TodayLast updated on 21 Nov, 2024 | 15:58 IST
NIP ETF IT Chart
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ETF is trading at a discountMarket price ₹45.03 is less than iNAV ₹45.09
👍 Good time to buy as price is low
Fund overview
About
Open ₹44.81 | Close ₹44.80 | Volume 23,03,595 | Avg. traded ₹44.98 |
Circuit range ₹35.60 - ₹53.40 | Day range ₹44.75 - ₹45.47 | Year range ₹33.30 - ₹46.89 | |
AUM ₹2,391.10 Cr | ManagersHimanshu Mange | Launch Date 30 Jun 2020 |
NIP ETF IT
About Nippon India ETF NIFTY IT (NSE: ITBEES)
- Nippon India ETF NIFTY IT (NSE: ITBEES) is an open-ended fund scheme launched by Nippon India Mutual Fund. The ETF follows a passive investment method.
- The exchange-traded fund (ETF) tracks the performance of the NIFTY IT index.
- It invests in stocks that constitute the NIFTY IT Index in the same proportion as in the Index.
- The constituents of the NIFTY IT index are top Indian IT players – software and technology services providers.
- The NIFTY IT Index, comprising 10 companies, gives insights into the performance of the Indian IT industry.
- The assets under management (AUM) of the ETF as of July 12, 2024, stood at ₹2,413 crore. The expense ratio of the ETF is 0.22%.
- The net asset value (NAV) per unit as of July 12, 2024, stood at ₹41.68.
- Nippon India Mutual Fund launched the Nippon India ETF NIFTY IT in June 2020. The fund scheme is managed by Himanshu Mange.
Investment objective & Benchmark
- The Nippon India ETF NIFTY IT aims to provide investment returns corresponding to the returns of stocks as represented by the NIFTY IT Index before expenses, subject to tracking errors.
- The ETF provides an opportunity to investors to be part of the growth potential of Indian IT companies. The NIFTY IT Index comprises of 10 companies.
- Retail investors with a Demat account can invest in the ETF through brokers or online trading platforms provided by the broker firms.
- Investors can put money directly in the Mutual fund by creating unit size of 1,00,000 units and in multiples thereof. The execution value for large investors must be greater than ₹25 crore.
Asset Allocation & Portfolio Composition
The Nippon India ETF NIFTY IT scheme invests 99.44% of resources in equities in the IT sector and 0.56% in others. Giant caps account for 68.1% of the total investment, large caps 15.81%, midcaps 4.24% and smallcap stocks 4.24%.
Infosys accounts for the highest exposure at 26.92% as of June 2024. The ETF comprise following stocks:
- Infosys Technology: 26.92%
- TCS: 24.73%
- HCL Technologies: 9.66%
- Tech Mahindra: 9.6%
- Wipro: 8.77%
- LTIMindtree: 5.96%
- Persistent Systems: 5.36%
- Coforge: 4.35%
- Mphasis: 2.46%
- L&T Technology Services: 1.63%
Key indicators
Tracking index Nifty IT |
Expense Ratio0.22% |
Tracking error 0.08% |
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Investment checklist: (3/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily
Returns
Returns vs Benchmark
Compare the returns of this fund with
NIFTY 50
This ETF
Nifty 50
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NIP ETF IT Shareholder returns
1 day | 1 week -2.29% | 1 month -0.44% |
3 months | 1 year | 3 years |
5 years |
NIP ETF IT Price history
| Day | Open | Close | Change % |
|---|---|---|---|
Tue, Nov 19 2024 | ₹45.59 | ₹44.80 | |
Mon, Nov 18 2024 | ₹45.50 | ₹44.46 | -2.29% |
Thu, Nov 14 2024 | ₹45.81 | ₹45.50 | |
Wed, Nov 13 2024 | ₹46.19 | ₹45.46 | -0.79% |
Tue, Nov 12 2024 | ₹45.99 | ₹45.82 | -0.07% |
Mon, Nov 11 2024 | ₹45.48 | ₹45.85 | |
Fri, Nov 8 2024 | ₹44.91 | ₹45.13 | |
Thu, Nov 7 2024 | ₹45.49 | ₹44.90 | -0.51% |
Composition
What's in fund
| Name | Holdings |
|---|---|
 INFYInfosys Ltd | 26.30% |
 TCSTata Consultancy Services Ltd | 23.12% |
 HCLTECHHCL Technologies Ltd | 10.63% |
 532755Tech Mahindra Ltd | 10.40% |
 507685Wipro Ltd | 7.95% |
 PERSISTENTPersistent Systems Ltd | 5.81% |
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Frequently asked questions
What is the NIP ETF IT share price today?
NIP ETF IT share price is ₹ 45.03 today.
What is today’s high & low share price of NIP ETF IT?
NIP ETF IT share price high: ₹ 45.47 and low: ₹ 44.75
What is Assets Under Management (AUM) of NIP ETF IT shares today on the NSE?
NIP ETF IT Assets Under Management (AUM) of ₹ 2,391.10 Crores.
What is the NIP ETF IT share price high and low in the last 52 weeks on the NSE?
52 Week share High Price is ₹ 46.89 and Low Price is ₹ 33.30
What is the NIP ETF IT Stock Symbol?
The NIP ETF IT Stock symbol is ITBEES.
Can I buy NIP ETF IT shares on Holidays?
No, shares of NIP ETF IT or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell NIP ETF IT shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.