Navi Nifty IT Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Managers
- Should You Invest in this NFO?
- Invest Online
The scheme seeks to achieve a return equivalent to Nifty IT Index by investing in stocks of companies comprising Nifty IT Index, subject to tracking error.
Basic Details
Fund House | Navi Mutual Fund |
Issue Open | 11 March 2024 |
Issue Close | 22 March 2024 |
Type | Open-ended |
Category | Equity: Sectoral-Technology |
Min. Investment(Rs) | 10 |
Plans | Growth, IDCW |
Lock-in Period | NA |
Exit Load | 0 |
Riskometer | Very High |
Benchmark | NIFTY IT TRI |
What is the Benchmark Index of Navi Nifty IT Index Fund?
The Nifty IT index captures the performance of the Indian IT companies. Nifty IT Index comprises of 10 companies listed on the National Stock Exchange (NSE).
The Nifty IT index is computed using free float market capitalization method with a base date of Jan 1, 1996 indexed to a base value of 1000 wherein the level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value. The base value of the index was revised from 1000 to 100 with effect from May 28, 2004.
Nifty IT Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty IT Total Returns Index.
Past Performance of Benchmark Index
Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
Price Return | 6.21 | 6.21 | 27.16 | 19.11 | 23.43 |
Total Return | 6.52 | 6.52 | 29.58 | 21.52 |
Statistics ## | 1 Year | 5 Years | Since Inception |
Std. Deviation * | 18.52 | 23.23 | 33.56 |
Beta (NIFTY 50) | 1.09 | 0.82 | 0.97 |
Correlation (NIFTY 50) | 0.59 | 0.67 | 0.66 |
Fundamentals
P/E | P/B | Dividend Yield |
32.26 | 8.19 | 1.88 |
Top constituents by weightage
Company’s Name | Weight(%) |
Infosys Ltd. | 27.76 |
Tata Consultancy Services Ltd. | 25.20 |
HCL Technologies Ltd. | 10.70 |
Tech Mahindra Ltd. | 8.98 |
Wipro Ltd. | 8.25 |
LTIMindtree Ltd. | 5.49 |
Persistent Systems Ltd. | 5.02 |
Coforge Ltd. | 4.51 |
MphasiS Ltd | 2.45 |
L&T Technology Services Ltd. | 1.64 |
Performance Review of the Fund Managers of Navi Nifty IT Index Fund?
1) Aditya Mulki
Education: Mr. Mulki is a CFA and B.COM
Experience: Prior to joining Navi Mutual Fund, he has worked for close to 6 years at Quantum Advisor Ltd as an Equity Research Analyst.
Past Performance of his Schemes
Fund | Navi Flexi Cap Fund | It’s Benchmark | Navi Large & Midcap Fund | It’s Benchmark |
1 Year | 29.54 | 38.10 | 23.80 | 36.67 |
3 Year | 16.43 | 18.90 | 15.91 | 19.19 |
5 Year | 15.27 | 18.69 | 15.37 | 17.97 |
7 Year | — | — | 13.03 | 16.01 |
10 Year | — | — | — | — |
2) Ashutosh Shirwaikar
Education: Mr. Shirwaikar has done MMS and CFA
Experience: Prior to joining Navi MF, he has worked with Quantum AMC and ICICI Bank
Past Performance of his Schemes
Fund | Navi Aggressive Hybrid Fund | It’s Benchmark | Navi Conservative Hybrid Fund | It’s Benchmark |
1 Year | 24.60 | 25.87 | 11.00 | 16.38 |
3 Year | 13.62 | 14.58 | 5.74 | 9.55 |
5 Year | 12.26 | 15.12 | 6.06 | 9.91 |
7 Year | — | — | 5.75 | 9.38 |
10 Year | — | — | 6.82 | 9.61 |
Which Company Owns Navi Nifty IT Index Fund?
Navi AMC Limited
Address: 7th Floor, Wing B, Prestige RMZ Startech, No. 139, 2, Hosur Rd Koramangala Industrial Layout, S.G. Palya. Bangalore – 560095
Website: http://www.navimutualfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Navi Nifty IT Index Fund NFO?
Guidance for Navi Nifty IT Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The Navi Nifty IT Index is based on the Nifty IT Index. The Index has the top 10 companies in the Information Technology Sector as its components. The Nifty IT Index has given one year return of 27.23% and three months return of 12.61%.
Since this is a Index Fund, the Fund Manager has to mirror the benchmark fund and hence the returns generated will be equivalent or less than the Benchmark Index.
The Navi Nifty IT Index Fund can be compared to the ICICI Prudential Nifty IT Index Fund, Axis Nifty IT Index Fund, Bandhan Nifty IT Index Fund etc.
Thematic or sectoral funds should form a very small portion of your portfolio. Compared to that, it is better to invest in multi cap funds or flexi cap funds. This gives better possibility of higher returns compared to a sectoral fund.
Having said that, IT companies are expected to do well in the coming months and hence a small amount can be invested in the Navi Nifty IT Index Fund.
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