The UTI Nifty IT ETF, managed by UTI Asset Management Company Limited, aims to replicate the total returns of the Nifty IT Index, focusing on sector-specific equity investments.

Utilizing a tracking strategy designed to minimize tracking error, this ETF closely follows the Nifty IT Index, ensuring investors align with the performance of the underlying securities.

The portfolio is heavily concentrated in the Information Technology sector, with top holdings like Infosys Ltd at 28.1% and Tata Consultancy Services Ltd at 21.7%, indicating significant concentration risk.

The fund has experienced a decline of 12.0% over the past year, with a low tracking error of 0.06%, highlighting its efficiency in mirroring index performance despite recent challenges.

With a modest AUM of ₹6.39 Cr and an expense ratio of 0.19%, the fund remains accessible, managed by Mr. Sharwan Kumar Goyal and Mr. Ayush Jain since January 2024.