Axis Nifty IT ETF

The Axis Nifty IT ETF, managed by Axis Asset Management Company Limited, aims to replicate the returns of the NIFTY IT TRI, focusing on the Information Technology sector.

This open-ended fund employs a tracking strategy with a minimal tracking error of 0.06%, ensuring closely aligned performance with its benchmark, the Nifty IT TRI.

The portfolio is heavily concentrated in the Information Technology sector, with top holdings including Infosys (29.3%) and Tata Consultancy Services (21.7%), indicating potential concentration risk.

Performance metrics reveal a challenging year with a -18.9% return over the last year, while the 3-year CAGR stands at 9.6%, reflecting more stable longer-term growth.

With an AUM of ₹167.9 Cr, the fund is accessible through major exchanges, and is managed by Mr. Karthik Kumar, who brings 16 years of experience to the strategy.