UTI Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 19-11-2024
₹ 11.84
▲0.5%
1D
Inception Returns
16.6%
/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 ₹810 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
UTI Innovation Fund Direct Growth has given a CAGR return of 16.57% since inception. Over the last 1 year the fund has given a CAGR return of 13.89%.
Holdings
UTI Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Industrial, Consumer Cyclical, Government, Financial Services, Basic Materials, Health. Its top holdings are PB Fintech Ltd, Info Edge (India) Ltd, Zomato Ltd, FSN E-Commerce Ventures Ltd, Praj Industries 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 | 0.81% |
Benchmark | Nifty 500 TRI |
| AUM | ₹810 Cr |
| Inception Date | 13 October, 2023 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 4.58% |
| STCG | Redeeming 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -6.82% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund underperformed Nifty 500 by 0.31% in Oct'24
- AUM of the fund stands at 842.8 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Communication, Tech & Consumer Cyclical
Top Growth Drivers | 1M Return |
|---|---|
 One 97 Communications Ltd | 12.2% |
 MTAR Technologies Ltd | 4.6% |
UTI Innovation Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹810 Cr
Expense Ratio 0.81%
Frequently Asked Questions for UTI Innovation Fund Direct Growth
UTI Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.98% | -7.98% |
6 Month Returns | 9.24% | 9.24% |
1 Year Returns | 13.89% | 13.89% |
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 | 0.83 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Innovation Fund Direct Growth | 18.05 | - | - |