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Fund Overview

Fund Size

Fund Size

₹107 Cr

Expense Ratio

Expense Ratio

0.25%

ISIN

ISIN

INF204KC1CE2

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

22 Feb 2024

About this fund

This fund has been in existence for 3 months and 27 days, having been launched on 22-Feb-24.
As of 14-Jun-24, it has a Net Asset Value (NAV) of ₹9.14, Assets Under Management (AUM) of 106.55 Crores, and an expense ratio of 0.25%.
  • The fund's asset allocation comprises around 99.31% in equities, 0.00% in debts, and 0.69% in cash & cash equivalents.
  • You can start investing in Nippon India Nifty IT Index Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Portfolio Summaryas of 31st May 2024

Equity105.82 Cr99.31%
Others0.73 Cr0.69%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Infosys LtdEquity28.7 Cr26.93%
Tata Consultancy Services LtdEquity26.85 Cr25.20%
Tech Mahindra LtdEquity11.19 Cr10.50%
HCL Technologies LtdEquity10.12 Cr9.49%
Wipro LtdEquity8.87 Cr8.32%
LTIMindtree LtdEquity6.19 Cr5.81%
Persistent Systems LtdEquity5.05 Cr4.74%
Coforge LtdEquity4.37 Cr4.10%
Mphasis LtdEquity2.72 Cr2.56%
Triparty RepoCash - Repurchase Agreement2 Cr1.88%
L&T Technology Services LtdEquity1.77 Cr1.66%
Net Current AssetsCash-1.28 Cr1.21%
Cash Margin - CcilCash - Collateral0.01 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

86.26%

Mid Cap Stocks

13.06%

Small Cap Stocks

--

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Technology105.82 Cr99.31%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Himanshu Mange

Himanshu Mange

Since February 2024

Additional Scheme Detailsas of 31st May 2024

ISININF204KC1CE2Expense Ratio0.25%Exit LoadNo ChargesFund Size₹107 CrAge22 Feb 2024Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY IT TRI TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Nippon India Nifty IT Index Fund Direct Growth, as of 14-Jun-2024, is ₹9.14.
The fund's allocation of assets is distributed as 99.31% in equities, 0.00% in bonds, and 0.69% in cash and cash equivalents.
The fund managers responsible for Nippon India Nifty IT Index Fund Direct Growth are:-
  1. Himanshu Mange