In the past one year, the Nifty IT Index has given returns of around -15.92%. This is the lowest when compared to any other sector funds based on data available with Morningstar India. Does this make the IT segment a value buy? The IT sector is available at a price/book value of 8.35x. Considering that the same number was at 12.34x in December 2021, it could indeed be offering a value opportunity like none other. The present valuation is closer
Business News›Prime›Markets›A healthy mix of FMCG and IT stocks: The best risk-adjusted returns delivered!
Investing
A healthy mix of FMCG and IT stocks: The best risk-adjusted returns delivered!
Synopsis
The correlation between FMCG and IT sectors is very low – at 18% between the Nifty IT and Nifty FMCG. This allows investors to hold two different segments, which together help in bringing down the volatility of their portfolio.
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