SBI Nifty IT ETF (G)

SBI Nifty IT ETF (G) is an Exchange Traded Fund which is benchmarked to NIFTY IT TR TR INR. SBI Nifty IT ETF (G) is managed by the SBI Funds Management Ltd with the fund managers being Harsh Sethi. The SBI Nifty IT ETF (G) was launched on Oct 19, 2020 with no lock-in period. Since its inception, the fund has delivered 20.2% as a return on investment. The fund has delivered a 1-year return of 36.9%, a 3-year return of 12.1%, and a 5-year return of null%.

As on 26 Jul, 2024 the NAV of the fund is Rs 437.41 and the AUM is Rs 85.11 crores. The fund charges an expense ratio of 0.22% 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 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. The SBI Nifty IT ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

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