BSE Scrip Code: 543665

NSE Symbol: HDFCNIFIT

An open ended scheme replicating/tracking NIFTY IT Index (TRI)

Investment Objective: The investment objective of the Scheme is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY IT Index, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be realized.

What is the Nifty IT Index?

The Nifty IT Index represents the performance of the IT (Information Technology) sector in India. It comprises a basket of IT company stocks listed on the National Stock Exchange (NSE). The index provides investors with exposure to India’s IT industry. India’s IT industry has played an important role in helping India’s economic growth. The sector brings export revenue and plays a significant role in India's technological growth.

Why HDFC Nifty IT ETF?

• Returns Aligned with Nifty IT TRI: The ETF aims to replicate the performance of the Nifty IT Total Return Index (TRI), allowing investors to potentially earn returns similar to the Nifty IT index, which represents the performance of IT companies in India.
• Low-Cost Exposure to Multiple IT Companies: The HDFC Nifty IT ETF provides a cost-effective investment solution, allowing investors to gain exposure to multiple IT companies within a single investment.
• Simple and Effective Investment Approach: The ETF offers a simple investment option aimed at long-term wealth creation. It allows investors to conveniently participate in the performance of the IT sector, which is known for its innovation and growth potential.

Additional Benefits of the HDFC Nifty IT ETF:

• Poised for Structural Tailwinds: Indian IT companies are well-positioned to take advantage of structural tailwinds in tech spending, including the growth of cloud computing and other technological advancements.
• Strong Fundamentals of Constituent Companies: The constituent companies of the Nifty IT Index are generally considered to have strong fundamentals, with higher Return on Equity (RoE) and profit margins compared to the Nifty 50, indicating the financial strength of the IT sector.

Who should buy the HDFC Nifty IT ETF?

The HDFC Nifty IT ETF is suitable for investors who are interested in gaining exposure to the IT sector in India. It may be particularly suitable for investors who:

• Want to invest in multiple IT companies through a single investment
• Prefer a low-cost investment option
• Have a long-term investment horizon aimed at wealth creation

What is the ideal investment time horizon for the HDFC Nifty IT ETF?

The HDFC Nifty IT ETF is suitable for investors with a time horizon of 3 years and above.

How to buy the HDFC Nifty IT ETF?

A. On the Stock Exchange: Investors can buy HDFC Nifty IT ETF units through a stockbroker on the Stock Exchange(s) i.e. NSE/BSE.

B. Directly with the Fund: Market Makers/Large Investors:

On an ongoing basis, Market Makers and Large Investors* may approach the Fund directly for subscription/redemption of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. *The minimum application amount for Large Investors shall be Rs. 25 Crores and in multiples of Creation Unit Size^.

^ Not Applicable till February 28, 2025 for a) Schemes managed by Employee Provident Fund Organisation, India and b) Recognised Provident Funds, approved gratuity funds and approved superannuation funds under Income tax act, 1961.

 

For current constituents of NIFTY IT Index (TRI) please click here.

For changes to Index constituents, please click here.

For list of Market Makers, click here