The product is suitable to those with high-risk appetite and those who want to take extra exposure to IT stocks in their portfolio.Given that many of us play video games as a form of escapism, is it not arguable that the RPG is the truest form of video game? There's a reason that the genre where you get to literally pretend to be someone else is a popular one, and as such, we've curated a list of the best RPGs you can play on PC right now. on the contrary, rupee depreciation helps the sector. The only major thing to watch out is rupee appreciation, which affects the performance of the IT sector. Also, the IT sector does not go through problems like BFSI. The ICICI Pru IT ETF is an exchange-traded product, which means easy entry or exit post NFO on the stock exchange. The IT sector has been an ever-green space with good returns in top companies. If you miss out, you could rue your decision. If you buy at the start of a cycle, you make lots of money if you are able to sell at the peak. Listing – Units will be listed on NSE & BSE RupeeIQ takeĪn IT sector fund or ETF remains a sector bet, which means higher risk and concentrated exposure. Minimum application amount during the NFO – Rs 5,000
MICR cheques – MICR cheques will not be accepted RTGS and transfer cheques – Till the end of business hours on August 17, 2020 Here is a snapshot of their performance over the years. The only other IT ETF is the Nippon India ETF Nifty IT, which was launched in June 2020. The biggest fund is the ABSL Digital India Fund, followed by ICICI Pru Technology Fund, Tata Digital India Fund, Franklin Technology Fund and SBI Technology Opportunities Fund. Five of the six products are index funds. There are six existing products, apart from ICICI Pru IT ETF. How IT funds, ETFs performed historically
In each time period, as on July 31, 2020, the IT index has beaten the Nifty 50. The performance also holds up when you look at YTD period, 1, 2, 3, 5, 7 and 10 year performances vis a vis the Nifty 50. Nifty IT TRI has outperformed the Nifty 50 Index 6 out of 10 times till 2019. The construction and nature of the IT index has shown promise in terms of performance. But that’s how the index has been constructed so the index MF/ETF cannot do much about it in a passive route format. This makes the index highly concentrated. Wipro is 10.2%, Tech Mahindra is 10% and HCL Tech is 9.7%. The only problem with the index is its concentration. It also offers a higher dividend yield than the Nifty 50. The Nifty IT index, on trailing earnings basis, is cheaper than Nifty 50. The 10 stocks, part of the Nifty IT index, is part of the greater Nifty 500 benchmark. Basically when the market crashes or is on tenterhooks, top IT sector stocks stand rock solid. Thirdly, technology is a recurring theme and an integral part of the New Normal World.įourthly, an IT sector focussed MF/ETF product allows you to gain exposure to a well-defined investment basket at a small amount.īesides, the IT sector has shown defensive tendencies during volatile and market crash periods. Secondly, IT stocks in the Nifty IT index are a basket of strong and well established companies with global presence. 4 reasons to invest in the IT sectorįirstly, IT sector stocks benefit by making the most of the disruption. In this article, we take a look at IT focussed MF options and share more details on the ICICI Pru IT ETF. The ICICI Pru IT ETF is a domestic stock investment option since it will seek to copy the movement of the 10-stock IT stock index comprising Infosys, TCS, Wipro, Tech Mahindra, HCL Tech, Info Edge, L&T Infotech, Mphasis, Mindtree, and NIIT Tech. All of these offer a concentrated approach to IT/tech stock investing. There are 6 other IT/tech-focussed mutual fund products in the Indian landscape. The new fund offer opened on Augand will close on August 17, 2020. ICICI Prudential MF has launched ICICI Prudential IT ETF, an open-ended index Exchange Traded Fund tracking the Nifty IT Index.
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