UTI Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 21-02-2025
₹ 10.82
▲0.8%
1D
Inception Returns
6%
/yr
About UTI Innovation Fund Direct Growth
UTI Innovation Fund Direct Growth is an equity fund. This fund was started on 13 October, 2023. The fund is managed by Ankit Agarwal. The fund could potentially beat inflation in the long-run.
Key Parameters
- UTI Innovation Fund Direct Growth has ₹795 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
UTI Innovation Fund Direct Growth has given a CAGR return of 5.99% since inception. Over the last 1 year the fund has given a CAGR return of 0.36%.
Holdings
UTI Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Tech, Communication, Consumer Cyclical, Financial Services, Health, Basic Materials. Its top holdings are PB Fintech Ltd, Info Edge (India) Ltd, Zomato Ltd, FSN E-Commerce Ventures Ltd, KPIT Technologies Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of UTI Innovation Fund Direct Growth
The scheme intends to provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. UTI Innovation Fund Direct Growth has no lock in period.
Historical NAV & Returns
UTI Innovation Fund Direct Growth Overview
| Expense ratio | 0.86% |
Benchmark | Nifty 500 TRI |
| AUM | ₹795 Cr |
| Inception Date | 13 October, 2023 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 4.58% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
- AUM of the fund stands at 795.5 Cr as of Jan'25
- AUM decreased by 47.1 Cr between Jan'25 and Dec'24
Top 3 Sectors in January were Industrial, Communication & Tech
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 PB Fintech Ltd | 7.51% | 1.2% | |
 Info Edge (India) Ltd | 7.16% | 0% | |
 Zomato Ltd | 7.02% | 0% | |
 FSN E-Commerce Ventures Ltd | 5.3% | 0% | |
 Affle India Ltd | 4.82% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 C.E. Info Systems Ltd | 1.8% |
UTI Innovation Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹795 Cr
Expense Ratio 0.86%
Frequently Asked Questions for UTI Innovation Fund Direct Growth
UTI Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -10.16% | -10.16% |
6 Month Returns | -16.96% | -16.96% |
1 Year Returns | 0.36% | 0.36% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI Innovation Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Innovation Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Innovation Fund Direct Growth | -0.02 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Innovation Fund Direct Growth | 20.36 | - | - |