February 1, 2025
mayank
SBI Nifty IT Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the SBI Nifty IT Index Fund Open Date, Close Date?
NFO opens on February 04, 2025
NFO will close on February 17, 2025
Investment Strategy for this NFO?
The scheme seeks to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Basic Details
| Fund House | SBI Mutual Fund |
| Issue Open | 04 February 2025 |
| Issue Close | 17 February 2025 |
| Type | Open-ended |
| Category | Equity: Sectoral-Technology |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | NIFTY IT TRI |
About Benchmark Index for this NFO?
The Nifty IT index captures the performance of the Indian IT companies. The Nifty IT Index comprises of 10 companies listed on the National Stock Exchange (NSE).
Nifty IT index is computed using free float market capitalization method with a base date of Jan 1, 1996 indexed to a base value of 1000 wherein the level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value. The base value of the index was revised from 1000 to 100 with effect from May 28, 2004.
Nifty IT Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty IT Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 10 |
| Launch Date | |
| Base Date | January 01, 1996 |
| Base Value | 100 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of SBI Nifty IT Index Fund
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.
AMC
SBI Funds Management Ltd
Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.sbimf.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for SBI Nifty IT Index Fund @ sahifund.com by Paresh Gordhandas, C.A., & Research Analyst
[ A ] Benchmark Performance of NIFTY IT TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -1.56 | -1.56 | 16.44 | 21.45 | 23.13 |
| Total Return | -0.99 | -0.99 | 19.08 | 23.91 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 19.75 | 23.86 | 33.22 |
| Beta (NIFTY 50) | 0.73 | 0.86 | 0.96 |
| Correlation (NIFTY 50) | 0.51 | 0.69 | 0.66 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 32.33 | 8.82 | 2.41 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Infosys Ltd. | 28.33 |
| Tata Consultancy Services Ltd. | 23.34 |
| HCL Technologies Ltd. | 10.14 |
| Tech Mahindra Ltd. | 9.78 |
| Wipro Ltd. | 8.12 |
| Persistent Systems Ltd. | 5.85 |
| Coforge Ltd. | 5.06 |
| LTIMindtree Ltd. | 5.03 |
| MphasiS Ltd. | 2.98 |
| L&T Technology Services Ltd. | 1.37 |
Note on Benchmark Performance:
This NFO seeks to provide returns that correspond to the total returns of the securities as represented by the Nifty IT index, subject to tracking error. 10 leading IT stocks comprises of IT index. During last one year and also during last 5 years, the index has provided impressive returns in the range of 19% to 23%. The world economy is passing through rough patch and tariff imposed by Trump government will affect various economies. However IT companies in India are anticipated to be the least affected sector because of the importance of their offerings. Erosion in the value of Indian currency will on the contrary benefit the leading IT companies.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Harsh Sethi
| Fund | SBI Nifty Private Bank ETF | It’s Benchmark | SBI Nifty Consumption ETF | It’s Benchmark |
| 1 Year | 3.91 | 9.17 | 16.17 | 9.73 |
| 3 Year | 9.10 | 9.78 | 17.86 | 14.16 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 1-2-2025
Note on Fund Managers’ performance
Fund managers are like pilots navigating through both turbulent and calm skies. Their ability to manage the fund effectively during both challenging and favorable times is key. Therefore, analyzing the historical performance of fund managers is important to gauge their future potential. We have reviewed several schemes managed by this fund manager, and as noted earlier, their past performance has been somewhat underwhelming.
[ C ] Conclusion
Apart from two important aspects mentioned above, we have analysed the past performance of 5 top performing IT schemes.
1) ICICI Pru. Nifty IT index fund 18.38% return in last one year
2) Nippon India ETF IT (18.71% return in last one year)
3) ICICI Pru. Nifty IT ETF (18.78% return in last one year)
4) ICICI Pru. Technology fund (19.08% return in last one year)
5) Tata Digital India fund (21.31% return in last one year)
Looking at the performance of peer funds and also above 2 aspects, we expect strong performance of this NFO and recommend the same. Apply with Full force
Is it good to invest in SBI Nifty IT Index NFO?
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