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NIP ETF IT

ITBEES

₹43.44-₹0.30 (-0.69%) TodayLast updated on 04 Nov, 2024 | 15:51 IST

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  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹43.74
Close
₹43.74
Volume
34,09,081
Avg. traded
₹43.26
Circuit range
₹34.75 - ₹52.12
Day range
₹43.01 - ₹43.74
Year range
₹32.30 - ₹46.89
AUM
₹2,505.01 Cr

Managers

Himanshu 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

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Tracking index
Nifty IT

Expense Ratio

0.22%
Tracking error
0.08%

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Investment checklist: (3/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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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
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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NIP ETF IT Shareholder returns

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1 day
-0.69%
1 week
-3.70%
1 month
-4.06%
3 months
+2.00%
1 year
+33.29%
3 years
+20.33%
5 years
+196.52%

NIP ETF IT Price history

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DayOpenCloseChange %
Mon, Nov 4 2024
₹43.74
₹43.44
-0.69%
Fri, Nov 1 2024
₹43.55
₹43.74
+0.44%
Thu, Oct 31 2024
₹45.70
₹43.55
-2.83%
Wed, Oct 30 2024
₹45.70
₹44.82
-0.55%
Tue, Oct 29 2024
₹45.11
₹45.07
-0.09%
Mon, Oct 28 2024
₹45.50
₹45.11
+0.49%
Fri, Oct 25 2024
₹45.50
₹44.89
-0.31%
Thu, Oct 24 2024
₹45.20
₹45.03
-0.18%

Frequently asked questions