HDFC Nifty IT ETF Fund Direct Growth
About the Fund
HDFC Nifty IT ETF Fund Direct Growth is an equity fund. This fund was started on 14 November, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Nifty IT ETF Fund Direct Growth has ₹51 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
HDFC Nifty IT ETF Fund Direct Growth has given a CAGR return of 800.50% since inception. Over the last 1 year the fund has given a CAGR return of 36.74%.
Holdings
HDFC Nifty IT ETF Fund Direct Growth has allocated its funds majorly in Tech, Cash Equivalent. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, HCL Technologies Ltd, Tech Mahindra Ltd, Wipro Ltd
Taxation
As it is a sector - technology mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of HDFC Nifty IT ETF Fund Direct Growth
The investment objective of the Scheme is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY IT Index, subject to tracking errors.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. HDFC Nifty IT ETF Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.2% |
Benchmark | S&P BSE IT |
| AUM | ₹51 Cr |
| Inception Date | 14 November, 2022 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 5.96% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 20.3% |
 Tech Mahindra Ltd | 6.5% |
 Wipro Ltd | 2% |
HDFC Nifty IT ETF Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹51 Cr
Expense Ratio 0.2%
Frequently Asked Questions
HDFC Nifty IT ETF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 14.26% | 14.26% |
6 Month Returns | 9.17% | 9.17% |
1 Year Returns | 36.74% | 36.74% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Nifty IT ETF Fund Direct Growth | -0.27 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Nifty IT ETF Fund Direct Growth | 1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Nifty IT ETF Fund Direct Growth | 0.87 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Nifty IT ETF Fund Direct Growth | 19.51 | - | - |