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NIP ETF IT
ITBEES
₹43.44-₹0.30 (-0.69%) TodayLast updated on 04 Nov, 2024 | 15:51 IST
NIP ETF IT Chart
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Fund overview
About
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 | 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
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Returns
Returns vs Benchmark
Compare the returns of this fund with
NIFTY 50
This ETF
Nifty 50
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NIP ETF IT Price history
Day | Open | Close | Change % |
---|---|---|---|
Mon, Nov 4 2024 | ₹43.74 | ₹43.44 | -0.69% |
Fri, Nov 1 2024 | ₹43.55 | ₹43.74 | |
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 | |
Fri, Oct 25 2024 | ₹45.50 | ₹44.89 | -0.31% |
Thu, Oct 24 2024 | ₹45.20 | ₹45.03 | -0.18% |
Composition
What's in fund
Name | Holdings |
---|---|
INFYInfosys Ltd | 27.20% |
TCSTata Consultancy Services Ltd | 24.09% |
HCLTECHHCL Technologies Ltd | 10.48% |
532755Tech Mahindra Ltd | 9.87% |
507685Wipro Ltd | 7.55% |
PERSISTENTPersistent Systems Ltd | 5.71% |
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