January 24, 2024
mayank
Aditya Birla (ABSL) Nifty IT ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 37.8345
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 returns that before expenses, closely correspond to the total returns of securities as represented by Nifty Information Technology TRI, subject to tracking errors.
Fund Manager:
1) Haresh Mehta
2) Pranav Gupta
Investment Details
| Min. Investment (Rs) | 500 |
| 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 | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 29-Oct-21 |
| Return Since Launch | 4.34% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 121 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.22% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Aditya Birla Nifty IT ETF
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Nifty IT ETF | 3.08 | -1.48 | 2.71 | 19.22 | 23.23 | 23.51 | — | — | — | — |
| S&P BSE IT TRI | 3.38 | -0.75 | 2.83 | 19.76 | 24.56 | 26.79 | — | — | — | — |
| Equity: Sectoral-Technology | 2.99 | -1.33 | 2.91 | 18.89 | 23.36 | 28.94 | — | — | — | — |
| Rank within category | 11 | 11 | 11 | 9 | 11 | 11 | — | — | — | — |
| Number of funds in category | 21 | 21 | 21 | 21 | 17 | 15 | 8 | 5 | 5 | 4 |
Peer Comparison of Aditya Birla (ABSL) Nifty IT ETF
| 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 (%) | |
| ABSL Nifty IT ETF | Unrated | 23.51 | — | — | 0.22 | 121 | 4.34 | — | 2Y 2M | — |
| Nippon Ind ETF Nifty IT | Unrated | 23.52 | 13.14 | — | 0.22 | 2,004 | 30.29 | — | 3Y 6M | 45.00 |
| ICICI Pru Nifty IT ETF | Unrated | 23.53 | 13.12 | — | 0.20 | 431 | 24.36 | — | 3Y 5M | 50.00 |
| ICICI Pru Technology Reg | Unrated | 27.94 | 19.38 | 24.38 | 1.74 | 11,874 | 12.74 | 1.00 (15) | 23Y 10M | 61.00 |
| Tata Digital Ind Reg | Unrated | 30.66 | 19.29 | 23.83 | 1.69 | 9,272 | 19.54 | 0.25 (30) | 8Y | 25.50 |
Portfolio Analysis of Aditya Birla (ABSL) Nifty IT ETF
| No. of Stocks | 10 |
| Top 10 Stocks | 99.97% |
| Top 5 Stocks | 79.44% |
| Top 3 Sectors | 99.97% |
| Portfolio P/B Ratio | 7.78 |
| Portfolio P/E Ratio | 29.84 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,78,223 | 2,91,896 |
| Giant (%) | 76.86 | 65.50 |
| Large (%) | 14.09 | 14.78 |
| Mid (%) | 9.05 | 16.82 |
| Small (%) | — | 10.14 |
| Tiny (%) | — | 0.07 |
How to Invest in Aditya Birla (ABSL) Nifty IT ETF?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Nifty IT ETF
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://mutualfund.adityabirlacapital.com/help-centre/invest-now
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