NIP ETF Nifty 100

About Nippon India ETF Nifty 100

• Nippon India ETF Nifty 100 is an open-ended value-oriented equity scheme that belongs to Nippon India Mutual Fund House.
• The scheme endeavours to find stocks priced lower than what the fund management team believes is their true worth.
• Himanshu Mange is the fund manager.
• It was launched on March 22, 2013.
• Nippon India ETF Nifty 100’s assets under management (AUM) stood at ₹256 crore as of June 30, 2024.
• Nippon India ETF Nifty 100 is traded on the National Stock Exchange (NSE), which enables investors to trade at market price during each session.
• One can invest in the scheme by buying units through a demat account with a registered broker.

Investment Objective & Benchmark

• The fund's objective is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index.
• It is benchmarked against the Nifty 100 Total Return Index.
• The objective of the ETF is to provide exposure to the value factor, with the index consisting of the 50 most liquid value blue chip companies listed on NSE.
• The scheme largely invests in big companies which tend to perform better in case of volatility.
• With investment across business domains, the ETF limit the investors' exposure to sectoral risks.
• The risk level of Nippon India ETF Nifty 100 is very high and it is suited to investors with a time horizon of 3 years and above.

Asset Allocation & Portfolio Composition

• The asset allocation of the fund comprises around 99.52% in equities and 0.48% in other instruments.
• The scheme has invested in companies across market capitalisations– 79.37% in giant cap, 10.30% in large cap and 10.33% in mid-cap firms.
• The top 10 company holdings constitute 45.18% of the asset allocation.

The top 10 holdings in stocks of Nippon India ETF Nifty 100 include:

• HDFC Bank: 9.61%
• Reliance Industry: 7.94%
• ICICI Bank: 6.33%
• Infosys: 4.24%
• Laser & turbo: 3.11%
• TCS: 2.97%
• ITC: 2.94%
• Bharti Airtel: 2.90%
• Axis Bank: 2.70%
• SBI: 2.44%

Sector-wise allocation in this fund;

• Financial Services: 32.08%
• Oil, Gas & Consumable fuels: 11.08%
• Information Technology: 8.88%
• Fast Moving Consumer Goods: 8.32%
• Automobile and Auto Components: 7.86%
• Power: 4.26%
• Metals & Mining: 3.39%
• Healthcare: 3.7%
• Construction: 3.11
• Consumer Services: 2.98%

Nippon India ETF Nifty 100 has delivered a return of 31.47% in the last year as of June 28, 2024, compared to the index's 32.49% yield during the period.

Since its inception, Nippon India ETF Nifty 100 has given annualised returns of 14.71%.