HDFC Nifty IT ETF

HDFC Nifty IT ETF

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Equity
Direct
Sector - Technology
NAV: ₹ 34.52 as on 24-05-2024

About the Fund

HDFC Nifty IT ETF 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

  1. HDFC Nifty IT ETF has ₹49 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.
Fund Performance

Overview

Expense ratio
Expense ratio
0.2%
Benchmark
Benchmark
S&P BSE IT
AUM
AUM
₹49 Cr
Inception Date
Inception Date
14 November, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
5.96%

HDFC Nifty IT ETF Distribution as on (30-Apr-24)

  • Equity 100%

Size breakup

Large cap
87%
Mid cap
13%
Sector Allocation

Apr'24

Mar'24

Feb'24

Tech
100%

Top Holdings of HDFC Nifty IT ETF as on (30-Apr-24)

  • Equity

Equity Holdings10

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
-4.88%
-7.50%
2.95%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at -4.88% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund underperformed Nifty 500 by 7.34% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 59.7 Cr
₹ 63.4 Cr
₹ 63.4 Cr
  • AUM of the fund stands at 59.7 Cr as of Apr'24
  • AUM decreased by 3.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

HDFC Nifty IT ETF Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 920% since inception which is more than its category average return of 26.17%
Fund Allocations

Fund Allocations

This fund has an allocation of 100% in Equity, 0% in Debt and -0% in Cash related instruments
AUM size ₹49 Cr

AUM size ₹49 Cr

This fund has AUM of ₹49 Cr which is less than its category average of ₹ 2998 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 1.25%

Frequently Asked Questions

The current NAV of HDFC Nifty IT ETF is ₹34.52 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
HDFC Nifty IT ETF
Absolute Returns
CAGR Returns
1 Month Returns
1.46%
1.46%
6 Month Returns
6.08%
6.08%
1 Year Returns
19.18%
19.18%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.2% as on April 2024
₹49 Cr as on April 2024
Infosys Ltd(26.71%), Tata Consultancy Services Ltd(25.75%), Tech Mahindra Ltd(10.59%), HCL Technologies Ltd(9.62%), Wipro Ltd(8.62%) as on April 2024
The alpha ratio for the HDFC Nifty IT ETF for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HDFC Nifty IT ETF
-0.26
-
-
As on April 2024
The alpha for HDFC Nifty IT ETF is calculated against S&P BSE IT. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HDFC Nifty IT ETF for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HDFC Nifty IT ETF
1
-
-
As on April 2024
The Beta for HDFC Nifty IT ETF is calculated with S&P BSE IT. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HDFC Nifty IT ETF for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
HDFC Nifty IT ETF
0.84
-
-
As on April 2024
The sharpe ratio for HDFC Nifty IT ETF is calculated with S&P BSE IT. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HDFC Nifty IT ETF for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
HDFC Nifty IT ETF
16.76
-
-
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.