UTI Innovation Fund Direct Growth
NAV as on 17-04-2025
₹ 10.73
▲0.8%
1D
Inception Returns
4.8%
/yr
Historical NAV & Returns
Absolute
▲
▼
313 people have invested ₹ 5.9L in UTI Innovation Fund Direct Growth in the last three months
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 ₹738 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 1.
Returns
UTI Innovation Fund Direct Growth has given a CAGR return of 4.76% since inception. Over the last 1 year the fund has given a CAGR return of 0.40%.
Holdings
UTI Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Communication, Tech, Consumer Cyclical, Financial Services, Health, Basic Materials. Its top holdings are Info Edge (India) Ltd, Eternal Ltd, PB Fintech Ltd, FSN E-Commerce Ventures Ltd, Affle India 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.
UTI Innovation Fund Direct Growth Overview
| Expense ratio | 0.99% |
Benchmark | Nifty 500 TRI |
| AUM | ₹738 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 (17-Apr-25)
Fund Distribution
as on (31-Mar-25)
Small cap
49.4%
Mid cap
31.6%
Large cap
16.6%
Sector Allocation
Industrial
23%
Communication
22.8%
Tech
22%
Consumer Cyclical
16.8%
Financial Services
7.6%
Health
4.1%
Basic Materials
3.8%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 3.94% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 3.31% in Mar'25
- AUM of the fund stands at 737.6 Cr as of Mar'25
- AUM increased by 28 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Info Edge (India) Ltd's allocation increased from 7.27% to 8.32%
Affle India Ltd's allocation increased from 5.02% to 5.92%
KPIT Technologies Ltd's allocation increased from 4.6% to 5.17%
Top Stocks sold last month
Awfis Space Solutions Ltd's allocation decreased from 4.4 % to 4.29 %
CE Info Systems Ltd's allocation decreased from 3.9 % to 3.81 %
L&T Technology Services Ltd's allocation decreased from 2.99 % to 2.86 %
Mid Cap allocation has gone up from 30.6% to 31.6%
Large Cap allocation has gone up from 15.2% to 16.6%
Small Cap allocation has gone up from 48.4% to 49.4%
Cash allocation has gone down from 5.8% to 2.4%
Top 3 Sectors in March were Industrial, Tech & Communication
Mar'25
Industrial
23%
Communication
23%
Tech
22%
Feb'25
Industrial
23%
Tech
23%
Communication
21%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Info Edge (India) Ltd | 8.32% | 15.9% | |
 Eternal Ltd | 8.26% | 0% | |
 PB Fintech Ltd | 7.46% | 0% | |
 FSN E-Commerce Ventures Ltd | 6.06% | 0% | |
 Affle India Ltd | 5.92% | 6.9% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
UTI Innovation Fund Direct Growth | 0.4% | - | - | 4.76% |
 Sundaram Services Direct Growth | 16.56% | 17.34% | 28.94% | 21.12% |
 ICICI Prudential India Opportunities Fund Direct Growth | 14.33% | 23.45% | 34.46% | 22.9% |
ICICI Prudential Business Cycle Fund Direct Growth | 10.97% | 21.34% | - | 22.75% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Gravita India Ltd | 19.7% |
 FSN E-Commerce Ventures Ltd | 13.4% |
 Affle India Ltd | 8.8% |
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Ankit Agarwal
Fund Manager of UTI Innovation Fund Direct Growth, since 13 October 2023
Top funds managed
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.21L Cr
as on 31-Mar-2025
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
pms_care@uti.co.in
UTI Innovation Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 4.76% since inception which is less than its category average return of 9.29%
Fund Allocations
This fund has an allocation of 97.58% in Equity, 0% in Debt and 2.42% in Cash related instruments
AUM size ₹738 Cr
This fund has AUM of ₹738 Cr which is less than its category average of ₹ 2172 Cr
Expense Ratio 0.99%
This fund has an expense ratio of 0.99% which is less than its category average expense ratio of 1.35%
More funds from UTI
5Y CAGR
▲ 27.16
5Y CAGR
▲ 29.33
5Y CAGR
▲ 23.63
Frequently Asked Questions for UTI Innovation Fund Direct Growth
The current NAV of UTI Innovation Fund Direct Growth is ₹10.73 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
UTI Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.23% | 8.23% |
6 Month Returns | -17.03% | -17.03% |
1 Year Returns | 0.4% | 0.4% |
3 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.99% as on March 2025
₹738 Cr as on March 2025
Info Edge (India) Ltd(8.32%), Eternal Ltd(8.26%), PB Fintech Ltd(7.46%), FSN E-Commerce Ventures Ltd(6.06%), Affle India Ltd(5.92%) as on March 2025
Industrial(22.45%), Communication(22.22%), Tech(21.46%) as on March 2025
The alpha ratio for the UTI Innovation Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI Innovation Fund Direct Growth | - | - | - |
As on March 2025
The alpha for UTI Innovation Fund Direct Growth is calculated against Nifty 500 TRI. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the UTI Innovation Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Innovation Fund Direct Growth | - | - | - |
As on March 2025
The Beta for UTI Innovation Fund Direct Growth is calculated with Nifty 500 TRI. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the UTI Innovation Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Innovation Fund Direct Growth | -0.19 | - | - |
As on March 2025
The sharpe ratio for UTI Innovation Fund Direct Growth is calculated with Nifty 500 TRI. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the UTI Innovation Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Innovation Fund Direct Growth | 23.91 | - | - |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Ankit Agarwal is the fund manager of UTI Innovation Fund Direct Growth
The Exit load of UTI Innovation Fund Direct Growth is 1%