Current price is close to the real time NAV

Less expense ratio implies better returns over the long term

Expense Ratio

ETF has not been able to closely match its benchmark returns

Tracking Error

ETF has been generating better price return than bank FD

Return vs FD Rates

Good time to consider, as ETF is not in overbought zone

Entry Point

The Nifty IT index closed 0.14 per cent up at 43415.0.

Stock market update: Nifty IT index advances 0.14%

Vinit Sambre, Head-Equities at DSP Mutual Fund, discusses the rapid price movements in the market, the IT sector’s sustained momentum, as well as the challenges in specialty chemicals. He further highlights domestic-driven rallies and cautious FII participation due to valuation concerns. Sambre also comments on new-age tech companies and IPO trends.

Is there a sustainable move ahead for specialty chemicals as well as IT? Vinit Sambre answers

The Nifty IT index was trading 0.2 per cent up at 43440.25.

Stock market update: Nifty IT index advances 0.2% in an upbeat market

While industry analysts foresee this as a tailwind along with the ongoing digital adoption by enterprises, they said the impact on the industry may be felt only by the fourth quarter of this fiscal ending March 2025.

Rate cuts in Europe keep Indian IT sector’s hopes up

The Nifty IT index closed 0.1 per cent down at 43352.65.

Stock market update: Nifty IT index falls 0.1%

Nikhil Rungta, Co-chief Investment Officer at LIC Mutual Fund, discusses their bullish stance on non-banking financial companies, insurance, and wealth managers. He also highlights positive outlooks for pharma, IT, and FMCG sectors. Rungta notes challenges in the banking sector but sees potential for future growth. Rungta believes that the IT sector has bottomed out with the US election just around the corner and the pickup scene in the BFSI segment.

Bullish on 3 defensive sectors; going for non-bank financials: Nikhil Rungta, LIC MF

Market Outlook: The BSE Sensex, NSE Nifty can gain another 2% from present levels; while the Nifty IT index could see a sharp 6% rally; suggests technical charts.

US Fed rate cut: Watch these levels on Sensex, Nifty, Nifty IT this week

The $250 billion Indian IT industry has given handsome returns to its investors over the years, yet in terms of market cap, it is lagging behind American tech firms. In this landscape, AI may offer a new opportunity for the industry. Some experts however, say that its unfair to compare American tech companies to Indian IT companies since they are in the different businesses and have a complete different origin and DNA.

Servicing the product economy: Indian IT firms eye AI to bridge market cap gap with global leaders

The Nifty IT index closed 0.56 per cent up at 43394.35.

Stock market update: Nifty IT index advances 0.56%

FMCG has moved up quite a bit at least at the higher levels. I am expecting some more consolidation from the higher levels in FMCG index, especially leading FMCG stocks. But if you look at the IT, that still has got a momentum. Recently, we have seen some consolidation moment, minor downward correction. After that, it moved up again and placed at the higher levels. More upside is likely in the IT sector ahead.

Next upside target for Nifty to be around 25,800-25,850: Nagaraj Shetti

Sandip Sabharwal discusses the current high valuations in the market and advises keeping cash on hand for future opportunities. He notes that while the IT sector has seen significant gains, further growth may be limited. Real estate stocks have performed well but face challenges ahead. FII flows into India have turned positive recently.

Don’t have the confidence to deploy huge additional money at these valuations: Sandip Sabharwal

Axis Technology ETF objective is to provide returns before expenses that closely correspond to the total returns of the NIFTY IT Index subject to tracking errors

Axis NIFTY IT ETF

Average daily traded value of the ETF is high

Axis NIFTY IT ETF

Axis NIFTY IT ETF

Return vs FD Rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If the ETFs price return is lower than this rate, investors are better off investing the amount in a FD

Entry Point
High demand for an ETF increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the ETF

News & Opinions

Stock market update: Nifty IT index advances 0.14%

Is there a sustainable move ahead for specialty chemicals as well as IT? Vinit Sambre answers

Stock market update: Nifty IT index advances 0.2% in an upbeat market

Rate cuts in Europe keep Indian IT sector’s hopes up

Stock market update: Nifty IT index falls 0.1%

Bullish on 3 defensive sectors; going for non-bank financials: Nikhil Rungta, LIC MF

US Fed rate cut: Watch these levels on Sensex, Nifty, Nifty IT this week

Servicing the product economy: Indian IT firms eye AI to bridge market cap gap with global leaders

Stock market update: Nifty IT index advances 0.56%

Next upside target for Nifty to be around 25,800-25,850: Nagaraj Shetti

Axis NIFTY IT ETF

Return vs FD RatesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If the ETFs price return is lower than this rate, investors are better off investing the amount in a FD

Entry PointHigh demand for an ETF increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the ETF

News & Opinions

Stock market update: Nifty IT index advances 0.14%

Is there a sustainable move ahead for specialty chemicals as well as IT? Vinit Sambre answers

Stock market update: Nifty IT index advances 0.2% in an upbeat market

Rate cuts in Europe keep Indian IT sector’s hopes up

Stock market update: Nifty IT index falls 0.1%

Bullish on 3 defensive sectors; going for non-bank financials: Nikhil Rungta, LIC MF

US Fed rate cut: Watch these levels on Sensex, Nifty, Nifty IT this week

Servicing the product economy: Indian IT firms eye AI to bridge market cap gap with global leaders

Stock market update: Nifty IT index advances 0.56%

Next upside target for Nifty to be around 25,800-25,850: Nagaraj Shetti

Return vs FD Rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If the ETFs price return is lower than this rate, investors are better off investing the amount in a FD

Entry Point
High demand for an ETF increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the ETF