December 14, 2023
mayank
Axis NIFTY IT ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 346.7775
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 schemes seeks to provide returns before expenses that closely correspond to the total returns of the NIFTY IT Index subject to tracking errors.
Fund Manager:
1) Karthik Kumar
Education: Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical)
Experience: Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
2)Shreyash Devalkar
Education: Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience: Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Investment Details
| Min. Investment (Rs) | 100 |
| 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 of Axis NIFTY IT ETF
| Fund House | Axis Mutual Fund |
| Launch Date | 25-Mar-21 |
| Return Since Launch | 11.48% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 150 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.22% |
| (As on 30-Nov-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Axis NIFTY IT ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis NIFTY IT ETF | 17.26 | -1.27 | 7.89 | 1.14 | 15.50 | 14.28 | — | — | — | — |
| S&P BSE IT TRI | 20.24 | -1.12 | 7.82 | 2.97 | 17.03 | 16.84 | — | — | — | — |
| Equity: Sectoral-Technology | 22.19 | -0.86 | 7.29 | 2.71 | 17.27 | 18.48 | — | — | — | — |
| Rank within category | 13 | 12 | 10 | 16 | 12 | 12 | — | — | — | — |
| Number of funds in category | 15 | 21 | 21 | 20 | 15 | 15 | 8 | 5 | 5 | 4 |
Peer Comparison of Axis 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 (%) | |
| Axis NIFTY IT ETF | Unrated | 14.28 | — | — | 0.22 | 150 | 11.48 | — | 2Y 8M | — |
| ICICI Pru Technology Reg | Unrated | 16.35 | 20.55 | 22.44 | 1.76 | 11,580 | 12.37 | 1.00 (15) | 23Y 9M | 64.00 |
| Tata Digital Ind Reg | Unrated | 20.49 | 22.12 | 21.93 | 1.72 | 8,606 | 18.59 | 0.25 (30) | 7Y 11M | 23.24 |
| ABSL Digital Ind Reg | Unrated | 24.73 | 22.63 | 24.10 | 1.91 | 4,284 | 11.96 | 1.00 (30) | 23Y 10M | 34.00 |
| SBI Tech Opp Reg | Unrated | 14.77 | 21.59 | 21.84 | 1.99 | 3,423 | 15.32 | 0.50 (15) | 24Y 5M | 33.00 |
Portfolio Analysis of Axis NIFTY IT ETF
| No. of Stocks | 10 |
| Top 10 Stocks | 99.72% |
| Top 5 Stocks | 78.43% |
| Top 3 Sectors | 99.72% |
| Portfolio P/B Ratio | 7.00 |
| Portfolio P/E Ratio | 27.54 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,45,200 | 2,69,742 |
| Giant (%) | 76.98 | 65.42 |
| Large (%) | 8.86 | 11.68 |
| Mid (%) | 14.16 | 19.73 |
| Small (%) | — | 8.29 |
| Tiny (%) | — | 0.06 |
How to Invest in Axis NIFTY IT ETF?
Chanakya’s Mutual Fund Guidance For Axis 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://www.axismf.com/mutual-funds
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