HDFC Nifty IT ETF

The HDFC Nifty IT ETF, managed by HDFC Asset Management Company Limited, is an open-ended scheme focused on providing returns aligned with the NIFTY IT Index, emphasizing sector-specific investments.

The fund employs a tracking strategy aimed at mirroring the NIFTY IT Index (TRI), with a minimal tracking error of 0.06%, ensuring efficient replication of index performance.

Portfolio concentration is significant, with top holdings including Infosys (29.3%) and Tata Consultancy Services (21.7%), reflecting a strong focus on the IT - Software sector with nearly 100% allocation.

Over the past year, the fund experienced a decline of 17.9%, indicating a challenging market environment, while no long-term CAGR figures are available to assess performance consistency.

With an AUM of ₹51.7 Cr and a low expense ratio of 0.2%, the fund is accessible for investors, managed by experienced professionals Arun Agarwal and Abhishek Mor.