SBI ETF IT

SBI ETF IT, managed by SBI Funds Management Limited, is an open-ended sector-specific scheme aiming to mirror the total returns of the Nifty IT TRI index, subject to tracking error.

The fund employs a replication strategy focused on the Information Technology sector, with a minimal tracking error of 0.0458%, ensuring efficient alignment with its benchmark performance.

Concentration in top holdings is evident, with Infosys and Tata Consultancy Services comprising over 50% of the portfolio, indicating potential risks associated with sector-specific volatility.

Performance metrics reveal a 1-year decline of -19.3%, contrasting with a robust CAGR of 9.5% over three years, highlighting the fund's volatility in a fluctuating market environment.

With an AUM of ₹64.5 Cr and a low expense ratio of 0.2%, the fund remains accessible, managed by Mr. Harsh Sethi, who brings over 23 years of experience to the table.