September 23, 2022
mayank
Nippon India ETF Nifty IT
NAV Growth: Rs 27.7445
Suitable For Which Investors?
This is a fund that invests mainly in shares of companies in the information technology sector.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY IT Index before expenses, subject to tracking errors.
Fund Manager:
1) Mehul Dama
Education: Mr. Dama has done C.A. & B.Com
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Goldman Sachs Asset Management(India) Private Ltd. as Vice President, Benchmark Asset Management Company Private Ltd. as Assistant Vice President and Lovelock & Lewes as Assistant Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 26-Jun-20 |
| Return Since Launch | 31.53% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 714 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.22% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 115.00% |
Nippon India ETF Nifty IT Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind ETF Nifty IT | -29.84 | -0.23 | -9.15 | -2.03 | -24.81 | -25.15 | — | — | — | — |
| S&P BSE IT TRI | -26.76 | -0.03 | -8.86 | -1.19 | -23.2 | -21.4 | — | — | — | — |
| Equity: Sectoral-Technology | -27.73 | -0.21 | -7.65 | 0.48 | -22.44 | -22.81 | — | — | — | — |
| Rank within category | 10 | 5 | 10 | 10 | 9 | 9 | — | — | — | — |
| Number of funds in category | 11 | 14 | 14 | 13 | 11 | 10 | 5 | 5 | 4 | 4 |
Nippon India ETF Nifty IT Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Nippon Ind ETF Nifty IT | Unrated | -25.15 | — | — | 0.22 | 714 | 31.53 | — | 2yrs 2mo | 115.00 |
| ICICI Pru Technology Reg | Unrated | -21.68 | 28.63 | 25.53 | 2.08 | 8,712 | 11.91 | 1.00 (15) | 22yrs 6mo | 73.00 |
| Tata Digital Ind Reg | Unrated | -21.26 | 25.87 | 25.63 | 2.02 | 5,981 | 17.70 | 0.25 (30) | 6yrs 9mo | 27.07 |
| ABSL Digital Ind Reg | Unrated | -19.96 | 26.94 | 24.71 | 2.09 | 3,135 | 11.17 | 1.00 (30) | 22yrs 8mo | 28.00 |
| SBI Tech Opp Reg | Unrated | -16.63 | 24.22 | 23.32 | 2.01 | 2,534 | 14.89 | 0.50 (15) | 23yrs 2mo | 37.00 |
Portfolio Analysis
| No. of Stocks | 10 |
| Top 10 Stocks | 99.95% |
| Top 5 Stocks | 79.52% |
| Top 3 Sectors | 99.95% |
| Portfolio P/B Ratio | 7.54 |
| Portfolio P/E Ratio | 26.46 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,07,597 | 2,80,984 |
| Giant (%) | 69.77 | 65.16 |
| Large (%) | 20.20 | 19.09 |
| Mid (%) | 10.03 | 13.05 |
| Small (%) | — | 5.37 |
| Tiny (%) | — | 0.18 |
Chanakya’s Mutual Fund Guidance For Nippon India ETF Nifty IT
Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://mf.nipponindiaim.com/
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