Fund Facts
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Name of Fund:HDFC NIFTY IT ETF
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Opening:28th October 2022
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Closing:9th November 2022
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Scheme Type:Open Ended Other ETF
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Minimum Investment:Rs. 500 per application and in multiples of Re. 1 thereafter
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Plan:None
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Options:None
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Entry Load:Not Applicable
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Exit Road:Not Applicable
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Thereafter:Not Applicable
Fund Stats
Objective
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.
Benchmark:
NIFTY IT
Fund Manager:
Krishan Kumar Daga, ArunAgrawal
Asset Allocation
95-100%
Securities covered by NIFTY 100 NIFTY IT Index
upto 5%
Money Market
Comparable existing schemes
| Aditya Birla Sun Life Nifty IT ETF | -8.16(6M) | Not Available |
| Kotak Nifty IT ETF | -7.86(6M) | -17.81(1Y) |
Fund Prognosis
Idea Distiller
In a broad canvas Nifty, a focus on quality through the ETF route. Lower costs.
Fund House AAUM:
Rs. 43289524.55 Lakh (as on 30th September,2022)
Fund Manager:
Combined experience of above 32 years
Scheme DNA 4 fundamentals
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP Factor
This seems to be the favoured ETF orientation for product people, this time around. Not so much oomph, but definitely a prep for stacking up the passive portfolio.