Latest news with #NiftyIndiaInternetIndex
Time of India
5 days ago
- Business
- Time of India
Nifty Internet index outperforms peers with 19% returns since Feb launch. Is the dotcom boom here to stay?
The Nifty India Internet Index has shown impressive growth since its inception in February, outperforming the Nifty 50 and many sectoral indices. This growth is fueled by increasing investor confidence in digital-first business models and the shift towards online platforms. While some internet stocks have struggled, consumer-facing digital disruptors have largely driven the index's positive performance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Index composition & key stocks Sector leaders Tired of too many ads? Remove Ads Internet Duds Outlook Launched on February 28 this year, the Nifty India Internet Index , designed to track the performance of India's burgeoning new-age stocks , has already delivered impressive returns. It has outpaced the broader Nifty 50, clocking a 19% gain since inception, compared to 12% by the latter. However, it still trails many of its more established sectoral Nifty India Internet Index became operational on March 3, and the 19.4% return is calculated based on the closing level of 1,109 on that day. During this period, the 21-stock index has outperformed several key sectoral indices, including Nifty Bank, Nifty Financial Services, Nifty Private Bank, Nifty Auto, Nifty Commodities, Nifty India Tourism, Nifty India Consumption, Nifty Metal, Nifty Healthcare, Nifty Pharma, Nifty FMCG, and Nifty IT, which delivered returns ranging from 2% to 17%.However, it lagged behind six sectors: Nifty India Defence (69%), Nifty Realty (26%), Nifty Media (24%), Nifty PSU Bank (24%), Nifty Oil & Gas (20%), and Nifty Energy (20%)."The index has delivered strong returns since its launch, outperforming broader markets and most sectoral peers. This outperformance highlights growing investor confidence in digital-first business models and the structural shift toward online platforms in both consumption and financial services. Given the sector's growth potential and supportive macro trends, it presents a credible thematic investment opportunity," Anil Rego, Founder & Fund Manager of Right Horizons Nifty India Internet Index is a diverse basket of 21 stocks primarily from the consumer services (63.10%), financial services (35.37%), and media, entertainment & publication (1.53%) sectors. Leading the pack in terms of weightage is Eternal (erstwhile Zomato), holding the largest share at 20.27%. It's followed closely by PB Fintech (Policybazaar) at 16.48% and Info Edge (India) at 15.66%.Other significant constituents with weights between 8.57% and 2.01% include One 97 Communications (Paytm), FSN E-Commerce Ventures (Nykaa), Indian Railway Catering and Tourism Corporation (IRCTC), Angel One, Swiggy, Motilal Oswal Financial Services (MOFSL), and Indiamart total weight of these 10 stocks stands at 83.69%.The other 11 stocks viz. RattanIndia Enterprises, IIFL Capital Services, Le Travenues Technology, Nazara Technologies, Thomas Cook (India), Infibeam Avenues, TBO Tek, CarTrade Tech, Just Dial, Brainbees Solutions, and Easy Trip Planners together carry a weight of 16.31%.Out of the 21 stocks in the index, a dozen counters have outperformed the index while 14 have surpassed the returns given by Enterprises and IIFL Capital Services were the top gainers, both surging nearly 60%. This impressive run came despite RattanIndia reporting widened losses and IIFL Capital Services seeing declining earnings, suggesting that market sentiment or future growth prospects played a significant majors Motilal Oswal and Angel One also saw substantial increases, each up over 40%, even as they navigated challenges with significant profit and revenue the true earnings winners among the top performers were the consumer-facing digital Travenues Technology (ixigo), the ticketing platform operator, surged 40%, backed by a robust 92.5% jump in net profit and over 72% revenue growth in Q4 FY25. Meanwhile, Policybazaar stock soared 29% on the back of a remarkable 181% earnings jump and 39% sales & personal care player Nykaa posted a 95% profit after tax (PAT) jump, contributing to its nearly 25% stock Edge, which operates 'Naukri', rallied 8% during the period, driven by a whopping 570% year-on-year rise in PAT in Q4 FY25, alongside 14% bottom-line and content platform Nazara Technologies rose 40% with a 95% jump in revenue, while IRCTC, a more traditional online player, posted modest 17% gains, with PAT and revenue growth of 26% and 10%, respectively, in the January–March the overall positive trend, some digital players experienced a downturn. For instance, travel platform EaseMyTrip shares slipped nearly 6%, struggling with both falling sales and profits. Others like Swiggy and Brainbees Solutions (FirstCry) also saw their stocks underperform despite reporting strong revenue growth, as they were weighed down by deepening warns against any focused strategy on internet stocks, arguing that it carries concentration risk. He suggests investors evaluate their exposure based on individual risk tolerance and investment said that the recent performance trends in consumer and financial sectors provide important cues for their near-term outlook."Within consumer discretionary, categories like hotels, value retail, and jewellery are expected to maintain growth momentum, supported by domestic demand, store expansion, and favourable pricing dynamics. Meanwhile, premium retail, QSRs, footwear, and textiles may see a gradual recovery as inflation stabilizes and discretionary spending improves," the analyst financial services are likely to continue their earnings growth trend, driven by strong credit demand, he opined."Given this Q4 backdrop and the index composition, the Nifty India Internet Index could serve as a thematic proxy for both consumer demand trends and the ongoing digital transformation in financial services," he RBI's continued accommodative stance and the government's tax relief measures in the February 2025 Budget are expected to improve liquidity and increase disposable rise in income is expected to stimulate consumer spending, particularly in digitally enabled services, Rego said. The Nifty India Internet Index, which comprises companies that operate primarily through online platforms such as e-commerce, digital payments, and internet-based services, stands to gain from this shift, the Right Horizons PMS founder added.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
6 days ago
- Business
- Time of India
NFO Alert: Mirae Asset Mutual Fund launches Nifty India Internet ETF
Mirae Asset Mutual Fund has announced the launch of the Mirae Asset Nifty India Internet ETF , an open-ended scheme that replicates/tracks the Nifty India Internet Total Return Index. The New Fund Offer (NFO) for the Mirae Asset Nifty India Internet ETF will open for subscription on June 18 and close on June 25. The fund will reopen for continuous sale and repurchase on July 2. This thematic ETF offers investors an opportunity to participate in India's growing internet-based business ecosystem through a diversified portfolio of companies that derive a significant portion of their revenues from online platforms. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More Undo The Nifty India Internet Index is designed to capture the performance of companies operating primarily in the internet domain, including segments such as e-commerce, fintech, web-based media and services, online travel, food delivery, digital entertainment, etc., selected from the Nifty Total Market Index. The index comprises a mix of large, mid, and small-cap companies, with a strong representation of emerging and digitally focused businesses, according to a press release. The scheme will be managed by Ekta Gala and Akshay Udeshi. The minimum initial investment during the NFO period will be Rs 5,000, and in multiples of Re 1 thereafter. Live Events 'India's digital economy is not just growing—it is reshaping how businesses operate and how consumers engage. With the launch of the Mirae Asset Nifty India Internet ETF , we are continuing our endeavour to provide investors access to structural, long-term themes through simple and transparent vehicles like ETFs. This product aligns with our view that thematic investing can be a meaningful part of building a future-ready portfolio,' said Swarup Anand Mohanty, Vice Chairman & CEO, Mirae Asset Investment Managers (India). The Nifty India Internet Index includes companies that have a significant reliance on digital and online business models, reflecting the broader internet economy in India. The index is reconstituted semi-annually and rebalanced quarterly. Currently, the index comprises 21 stocks, with the top stock capped at 20% at the time of rebalancing. The portfolio is expected to evolve as more digital and online-centric companies get listed and become part of the eligible universe. 'The Mirae Asset Nifty India Internet ETF is designed to reflect the shift in India's consumption and business landscape, where digital platforms are becoming central to engagement, delivery, and growth. By offering exposure to this evolving theme through an ETF, we aim to provide access to a diversified basket of businesses that are driving India's ongoing digital transformation,' said Siddharth Srivastava , Head – ETF Products, Mirae Asset Investment Managers (India).
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Business Standard
11-06-2025
- Business
- Business Standard
Groww MF launches Nifty India Internet ETF: Here's all you need to know
Groww Nifty India Internet ETF: Groww Mutual Fund has launched the Groww Nifty India Internet ETF, an open-ended scheme that aims to track the Nifty India Internet Index (TRI). The New Fund Offer (NFO) will open for subscription on Friday, 13 June 2025, and close on Friday, 27 June 2025. This Exchange-Traded Fund (ETF) offers diversified exposure to companies driving India's internet-led transformation. It seeks to invest in companies that derive a significant portion of their revenues from internet-based business models. According to the Scheme Information Document (SID), the Groww Nifty India Internet ETF is free float market capitalisation-weighted, with a cap of 20 per cent per constituent. It is rebalanced quarterly and reconstituted semi-annually, ensuring it remains responsive to market developments. The composition of the Nifty India Internet Index spans six broad sectors, including e-retail and e-commerce, financial technology, internet-enabled retail, stockbroking, digital travel, and online media. Over 83 per cent of the portfolio comprises mid and large-cap stocks. As per , the investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty India Internet Index in the same proportion, with the aim of providing returns before expenses that track the total return of the Nifty India Internet Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. During the NFO, investors can invest a minimum of ₹500 and in multiples of ₹1 thereafter, with units allotted in whole numbers and any remaining amount refunded. After the NFO, only Market Makers and Large Investors (with transactions over ₹25 crores) can buy or redeem units directly from the Mutual Fund in creation unit sizes. According to the SID, post-NFO, the ETF will be listed on the National Stock Exchange (NSE). If units are redeemed, no exit load will be charged. Nikhil Satam, Aakash Ashokkumar Chauhan, and Shashi Kumar are the designated fund managers for the scheme. Who should invest in the Groww Nifty India Internet ETF? According to the SID, the fund is suitable for investors seeking long-term capital appreciation and investment in equity and equity-related instruments of the Nifty India Internet Index. However, investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Time of India
11-06-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches ETF tracking the Nifty India Internet Index
Groww Mutual Fund has launched Groww Nifty India Internet ETF , India's first exchange-traded fund (ETF) that aims to track the Nifty India Internet Index – TRI. The new fund offer or NFO of the scheme will open on June 13 and will close on June 27. Also Read | Mutual fund SIP stoppage ratio slows down to nearly 72% in May Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Miss The Top Packaging Trends Of 2024, Enhnace Your Brand With The Latest Insights Packaging Machines | Search Ads Search Now Undo This ETF seeks to offer investors diversified exposure to companies driving India's internet-led transformation. The fund aims to invest in internet-first businesses across sectors such as e-commerce, fintech, online travel, digital payments, stockbroking, and entertainment. These sectors are increasingly becoming central to India's consumption and service economy. The Groww Nifty India Internet ETF aims to provide long-term investors a rules-based, transparent, and low-cost route to participate in this growth story. The scheme seeks to replicate the performance of the index by holding its constituents in similar weightage, subject to tracking error. Live Events The scheme is jointly managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. Post NFO, the ETF will be listed on the National Stock Exchange (NSE). The minimum investment during the NFO is Rs 500, and there is no exit load. The scheme is suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity-related instruments of the Nifty India Internet Index. Also Read | Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows The Nifty India Internet Index, which serves as the underlying benchmark, currently consists of 21 listed companies. It seeks to represent companies that derive a significant portion of their revenues from internet-based business models. The index is free float market capitalization-weighted with a cap of 20% per constituent and is rebalanced quarterly and reconstituted semi-annually, ensuring it remains responsive to market developments. The index composition spans across six broad sectors: e-retail and e-commerce (36%), financial technology (26%), internet-enabled retail (19%), stockbroking (8%), digital travel (10%), and online media (1.5%). Over 83% of the portfolio is made up of mid and large-cap stocks. The index has maintained a dynamic profile, with periodic inclusions and exclusions reflecting the evolving internet economy. Performance-wise, as of May 31, 2025, the Nifty India Internet Index delivered a 1-year CAGR of 25.94% and a 3-year CAGR of 22.55%. It also posted a Sharpe ratio of 2.73 (1-year) and 2.63 (3-year), indicating risk-adjusted returns compared to traditional indices like the Nifty 50 and Nifty 500.
