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, employing a passive investment strategy.

This fund predominantly invests in the Information Technology sector, with top holdings including Infosys (29.2%), Tata Consultancy Services (21.9%), and HCL Technologies (10.9%), indicating high concentration risk.

Performance metrics reveal a 1Y return of -12.3% and a 3Y CAGR of 8.8%, showcasing variability in returns, particularly in the recent year amidst market fluctuations.

With an expense ratio of 0.23%, the fund maintains a competitive cost structure relative to its size of ₹161.1 Cr, enhancing its appeal for cost-conscious investors.

Managed by Mr. Karthik Kumar since August 2023, the fund exhibits a low tracking error of 0.06%, reflecting its effective alignment with the benchmark, Nifty IT TRI.