HDFC Nifty IT ETF (G)

HDFC Nifty IT ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty IT TR INR. HDFC Nifty IT ETF (G) is managed by the HDFC Asset Management Co Ltd with the fund managers being Abhishek Mor, Arun Agarwal, Krishan Daga. The HDFC Nifty IT ETF (G) was launched on Nov 14, 2022 with no lock-in period. Since its inception, the fund has delivered 2840.8% as a return on investment. The fund has delivered a 1-year return of null%, a 3-year return of null%, and a 5-year return of null%.

As on 6 Jun, 2023 the NAV of the fund is Rs 288.56 and the AUM is Rs 44.03 crores. The fund charges an expense ratio of 0.2% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty IT TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years.

Scripbox provides a unique feature through which you can compare the performance of HDFC Nifty IT ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.