Invesco India Nifty 50 ETF AUM Hits ₹91.42 Crore
By Market Desk
Invesco India Nifty 50 ETF (IVZINNIFTY) reports ₹91.42 crore AUM as of July 31, 2024. Track the Nifty 50 Index with this large-cap focused ETF.
The Invesco India Nifty 50 ETF (IVZINNIFTY), an open-ended exchange-traded fund from Invesco India Mutual Fund House, managed ₹91.42 crore in assets as of July 31, 2024. Launched on June 13, 2011, the ETF aims to replicate the returns of the Nifty 50 Index by investing in the top 50 companies listed on the National Stock Exchange.
Kuber Mannadi oversees the fund, which is designed to provide diversification across key sectors of the Indian economy. Its investment strategy focuses on mitigating sectoral risks by targeting large and giant-cap companies.
Key Fund Details
- Assets Under Management: ₹91.42 crore (as of July 31, 2024)
- Launch Date: June 13, 2011
- Fund Manager: Kuber Mannadi
- Riskometer Level: Very high
The ETF allocates 99.58% of its assets to equity holdings, with the remaining 0.42% in cash and cash equivalents. Over 90% of these investments are directed towards large and giant-cap companies, reflecting a preference for stability within its portfolio.
Sectoral Allocation and Top Holdings
- Equity Allocation: 99.58%
- Cash Allocation: 0.42%
- Top 5 Sectors: Banks (28.03%), IT – Software (13.73%), Petroleum Products (9.83%), Automobiles (8.21%), Diversified FMCG (6.33%)
- Key Company Holdings (approx. 56.89% of AUM): HDFC Bank Ltd. (11.01%), Reliance Industries Ltd. (9.21%), ICICI Bank Ltd. (7.73%), Infosys Ltd. (6.11%), and ITC Ltd. (4.14%)
As of July 31, 2024, the Invesco India Nifty 50 ETF delivered a one-year return of 27.49%. This performance tracked closely against its benchmark, the Nifty 50 Index, which posted a 27.76% return over the same period.
Since its inception, the ETF has generated a return of 13.28%. Its operational efficiency is highlighted by a low expense ratio and minimal tracking error.
Performance and Efficiency Metrics
- One-Year Return: 27.49% (as of July 31, 2024)
- Benchmark One-Year Return: 27.76%
- Return Since Inception: 13.28%
- Expense Ratio: 0.10%
- Tracking Error: 0.04%
The Invesco India Nifty 50 ETF is positioned for investors with a high-risk tolerance seeking exposure to India’s top 50 companies through a diversified and professionally managed fund, mirroring the broader market’s movements.