The Nippon India ETF Nifty IT, managed by Nippon Life India Asset Management Limited, is an open-ended fund focused on passive investment to track the Nifty IT TRI performance.

This ETF employs a replication strategy by investing in the same proportion of securities as the Nifty IT Index, ensuring tight tracking to its benchmark.

The portfolio is heavily concentrated in the IT sector, with top holdings like Infosys (29.3%) and TCS (21.7%), resulting in a 99.97% allocation to IT - Software.

Over the past year, the fund has shown a solid performance of +48.9%, with a minimal tracking error of 0.06%, indicating efficient management and risk-adjusted returns.

With a fund size of ₹2601.35 Cr and a low expense ratio of 0.22%, the ETF is accessible for investors seeking exposure to the IT sector with liquidity considerations in mind.