November 9, 2022
mayank
SBI Nifty IT ETF
NAV Growth: Rs 298.4344
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 return that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Fund Manager:
1) Harsh Sethi
Education: Mr. Sethi is a B. Com (Hons.), CA, CS
Experience: Prior to joining SBI Mutual Fund, he has worked with J. P. Mangal & Co. as Senior Assistant. Harsh Sethi is the Equity Dealer since February 2017.
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 | SBI Mutual Fund |
| Launch Date | 20-Oct-20 |
| Return Since Launch | 17.19% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 163 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.22% |
| (As on 31-Mar-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
SBI Nifty IT ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Nifty IT ETF | -24.42 | 0.17 | 4.11 | -3.71 | -5.07 | -16.71 | — | — | — | — |
| S&P BSE IT TRI | -22.24 | 0.11 | 3 | -4.44 | -5.52 | -14.38 | — | — | — | — |
| Equity: Sectoral-Technology | -22.94 | 0.29 | 2.97 | -3.02 | -3.65 | -16.09 | — | — | — | — |
| Rank within category | 10 | 9 | 3 | 10 | 11 | 9 | — | — | — | — |
| Number of funds in category | 11 | 14 | 14 | 13 | 13 | 11 | 5 | 5 | 4 | 4 |
SBI Nifty IT ETF 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 (%) |
| SBI Nifty IT ETF | Unrated | -16.71 | — | — | 0.22 | 163 | 17.19 | — | 2yrs 0mo | — |
| ICICI Pru Technology Reg | Unrated | -16.42 | 32.13 | 25.88 | 2.08 | 9,182 | 12.12 | 1.00 (15) | 22yrs 8mo | 77.00 |
| Tata Digital Ind Reg | Unrated | -15.68 | 28.28 | 25.06 | 2.02 | 6,371 | 18.32 | 0.25 (30) | 6yrs 10mo | 26.11 |
| ABSL Digital Ind Reg | Unrated | -13.82 | 29.41 | 24.34 | 2.12 | 3,249 | 11.38 | 1.00 (30) | 22yrs 10mo | 28.00 |
| SBI Tech Opp Reg | Unrated | -11.41 | 27.64 | 23.88 | 2.11 | 2,500 | 15.12 | 0.50 (15) | 23yrs 4mo | 38.00 |
Portfolio Analysis
| No. of Stocks | 10 |
| Top 10 Stocks | 100.00% |
| Top 5 Stocks | 79.88% |
| Top 3 Sectors | 100.00% |
| Portfolio P/B Ratio | 7.12 |
| Portfolio P/E Ratio | 25.06 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,90,773 | 2,69,005 |
| Giant (%) | 71.07 | 66.30 |
| Large (%) | 14.18 | 16.70 |
| Mid (%) | 14.75 | 14.56 |
| Small (%) | — | 4.86 |
| Tiny (%) | — | 0.15 |
Chanakya’s Mutual Fund Guidance For SBI 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.sbimf.com/en-us/quick-invest?action=panverification&SubBrokerCode=&EUIN=E455804&arn_code=ARN-245610&subbrokerARN=&utm_source=EasyLink
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https://www.analysislibrary.com/
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https://sahifund.com/category/nfos/
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