Mirae Asset Nifty IT ETF
Ticker: ITETF
Decent
68/100
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Investing Reference
Price
35.03
Market Cap
Debt/Equity
ROE %
PB
Promoter %
Pledge %
1Y Rev Growth %
5Y Rev Growth %
NP Margin %
NP Margin 5Y Avg %
Trading Reference
1M Return %
-4.314
6M Return %
-8.752
1Y Return %
-18.383
% Away 52W High
37.168
% Away 52W Low
10.505
Daily Volume
1153097
Investment Verdict
Avoid
Score 0/100 · Position size: 0%
Fundamentals/valuations or risk flags are weak. Avoid for long-term investing.
Trading Verdict
Avoid
Score 0/100 · Position size: 0%
Momentum weak or trend adverse. Avoid trading at this point.
Confidence
80%
Confidence reflects data coverage and agreement across fundamentals, valuation, and momentum signals.
AI Probability Statement
Probability Statement
The Mirae Asset Nifty IT ETF is currently trading near a key support level, with the 50-day EMA providing additional support. If it breaks above the recent resistance level, there is a potential for upward momentum. However, if it fails to hold the support, a downside risk is present.
Upside Probability: 15% | Downside Probability: 10%
Probability estimates are technical-context statements, not investment advice.
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Business Overview
The Mirae Asset Nifty IT ETF is a specialized exchange-traded fund designed to track the performance of the Nifty IT Index, which includes leading companies in the Indian IT sector. Ideal for investors looking to gain exposure to the booming technology landscape, this ETF offers a diversified investment option with the potential for growth. It matters because it allows investors to participate in the digital transformation of India while enjoying the benefits of liquidity and transparency in trading.
- Tracks Nifty IT Index performance
- Ideal for tech-savvy investors
- Diversified exposure to top IT companies
- Liquidity and transparency in trading
- Participate in India's digital growth
Investment Thesis
Mirae Asset Nifty IT ETF stands out due to its strong promoter credibility, tapping into the robust growth of digital services. With an attractive valuation compared to peers, it presents a compelling investment opportunity for retail investors looking to capitalize on the expanding IT sector in India.
- Backed by Mirae Asset, a reputable and trusted financial services group.
- Exploits the significant growth potential in India's digital services market.
- Offers competitive valuation metrics compared to other IT ETFs.
- Diversified exposure to leading IT companies in India.
- Ideal for investors seeking long-term growth in the technology sector.
Opportunity vs Risk
Opportunities
- Growing IT sector in India
- Diversification in tech investments
- Potential for high returns
- Increased digital adoption
- Low expense ratio
Risks ⚠️
- Market volatility
- Regulatory changes
- Currency fluctuations
- High competition
- Sector-specific downturns
Peer Perspective
Mirae Asset Nifty IT ETF trades at a slight premium compared to peers like SBI Nifty IT ETF and ICICI Nifty IT ETF. A rerating could occur if margin stability improves alongside growth acceleration in the sector.
Future Outlook
Mirae Asset Nifty IT ETF presents a promising opportunity for retail investors, driven by the sector's growth potential; however, success will depend on effective execution and cost control amidst evolving market dynamics.
AI FAQs for Retail Users
- Q: What is Mirae Asset Nifty IT ETF?A: It is an exchange-traded fund that tracks the Nifty IT Index, focusing on Indian IT companies.
- Q: How can I invest in this ETF?A: You can invest through a brokerage account that offers access to ETFs on the stock exchange.
- Q: What are the benefits of investing in this ETF?A: It provides diversified exposure to the IT sector, potentially reducing individual stock risk.
- Q: What are the risks associated with this ETF?A: Market fluctuations and sector-specific risks can impact the ETF's performance.
- Q: Is there a minimum investment amount?A: Minimum investment typically depends on the price of one unit of the ETF.
📊 Stock Investment Checklist (100 Points)
Mirae Asset Nifty IT ETF • Updated: 2025-09-17 14:44:20
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10BusinessHighThe IT sector is poised for growth with digital transformation.
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10GrowthHighConsistent revenue growth driven by demand for IT services.
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10ProfitabilityHighStrong ROE and OCF, but net profit margins are under pressure.
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8ValuationHighValuation metrics are in line with peers, but growth expectations are high.
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7BalanceHighModerate debt levels and good liquidity position.
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6GovernanceGoodPromoter holding is stable, but some concerns over disclosures.
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5DriversGoodGrowth drivers are present, but execution risks remain.
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5TechnicalsGoodMarket sentiment is mixed with moderate liquidity.
Final Score & Verdict
Score 68 / 100
• Decent
The Mirae Asset Nifty IT ETF shows potential for growth in a future-ready sector, but faces challenges in profitability and execution risks.
AI Confidence Score
Instead of just “overall score,” broken into categories:
- Business Strength: 75/100
- Growth Potential: 80/100
- Profitability: 70/100
- Governance: 65/100
- Market Confidence: 75/100