Frequently Asked Questions
What is Nifty IT?
The Nifty IT index is a sectoral index that represents major Indian IT companies traded on the National Stock Exchange. It includes firms specializing in software development, IT services, and digital solutions. The index helps investors monitor the performance of the Indian technology sector and is often used as a benchmark for investing in tech-focused stocks.
What is CAGR?
CAGR stands for Compound Annual Growth Rate. In the stock market, it's a useful metric to measure the compound annual growth rate of an investment over a specific period of time, assuming the profits are reinvested at the end of each year. CAGR shows how much an investment grows each year on average.
What is the 3 year, 5 year and 10 Year CAGR (annualized return) of Nifty IT?
CAGR (Compound Annual Growth Rate) of Nifty IT is as follows:
- 3 Year CAGR: 7.80%
- 5 Year CAGR: 10.83%
- 10 Year CAGR: 12.03%
What is the 1 year return of Nifty IT?
In the past 1 year, Nifty IT has given a return of -14.60%.
How often the data is updated on this page?
The Current Market Price (CMP) and CAGR data are updated every 15 minutes during market hours. However, the current month's and current year's returns are updated daily after the market closes.