SBI Nifty IT ETF
Equity
regular
Sector - Technology
NAV: ₹ 356.45 as on 23-04-2024
Fund Performance
About the SBI Nifty IT ETF
SBI Nifty IT ETF is an equity fund. This fund was started on 19 October, 2020. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Nifty IT ETF has ₹123 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.2.
SBI Nifty IT ETF Overview
 | 0.22% |
 Benchmark | S&P BSE IT |
 | ₹123 Cr |
 | 19 October, 2020 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 36.92% |
SBI Nifty IT ETF Distribution as on (31-Mar-24)
Size breakup
Large cap
86.2%
Mid cap
13.8%
Sector Allocation
Tech
100%
Top Holdings of SBI Nifty IT ETF as on (31-Mar-24)
Equity Holdings10
SBI Nifty IT ETF: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -7.50% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 7.04% in Mar'24
AUM Change
- AUM of the fund stands at 127.2 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in SBI Nifty IT ETF portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 L&T Technology Services Ltd | 9.6% |
 Mphasis Ltd | 3% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
 Infosys Ltd | -7.9% |
 Tata Consultancy Services Ltd | -3.6% |
Peer Analysis
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
SBI Nifty IT ETF | 27.8% | 11.4% | - | 15.7% |
SBI Nifty IT ETF Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.66% since inception which is less than its category average return of 27.51%
Fund Allocations
This fund has an allocation of 100% in Equity, 0% in Debt and 0% in Cash related instruments
AUM size ₹123 Cr
This fund has AUM of ₹123 Cr which is less than its category average of ₹ 3044 Cr
Expense Ratio 0.22%
This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 1.24%
Frequently Asked Questions
The current NAV of SBI Nifty IT ETF is ₹356.45 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
SBI Nifty IT ETF | Absolute Returns | CAGR Returns |
1 Month Returns | -4.21% | -4.21% |
6 Month Returns | 10.03% | 10.03% |
1 Year Returns | 27.77% | 27.77% |
3 Years Returns | 38.32% | 11.42% |
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.
0.22% as on March 2024
₹123 Cr as on March 2024
Infosys Ltd(26.8%), Tata Consultancy Services Ltd(24.86%), HCL Technologies Ltd(10.34%), Tech Mahindra Ltd(9.97%), Wipro Ltd(8.52%) as on March 2024
The alpha ratio for the SBI Nifty IT ETF for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Nifty IT ETF | -1.27 | 1.79 | - |
As on March 2024
The alpha for SBI 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 SBI Nifty IT ETF for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Nifty IT ETF | 1 | 1.04 | - |
As on March 2024
The Beta for SBI 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 SBI Nifty IT ETF for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Nifty IT ETF | 0.98 | 0.41 | - |
As on March 2024
The sharpe ratio for SBI 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 SBI Nifty IT ETF for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Nifty IT ETF | 16.14 | 20.65 | - |
As on March 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.
Sortino ratio is 0.62 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.6 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance