The top 5 names in this fund are ones I'm a big fan of. After that, it kind of loses its allure. CSU, SHOP, CLS, GIB.A.TO, and DSG are high quality companies. The rest of them inside this fund I'm either not a fan or they simply don't have enough allocation to really move the needle.
With most brokerages adopting fractional trading, I do think XIT is somewhat losing its shine. Don't get me wrong, it is still the best tech fund out there in Canada and if one wants single click exposure to every tech company in Canada, it is the way to go. Or, alternatively, if you don't have access to fractional shares, it is a great way to get exposure to CSU with a smaller portfolio as you don't have to lay out $5000+ to buy a single share of CSU.
But, your logic of selling it and buying the few individual companies in this fund makes sense. After all, this is pretty much a Constellation/Software/CGI Group pureplay, with 80%~ of the fund being in these 3 names.