UTI Nifty 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 28-11-2024
₹ 165.36
1D
Inception Returns
13.4%
/yr
About UTI Nifty 50 Index Fund Direct Growth
UTI Nifty Index Fund is a type of mutual fund that invests in a diverse basket of equities that comprise the Nifty 50 index. The Nifty 50 index is a National Stock platform (NSE) of India benchmark index that represents the performance of the top 50 firms listed on the platform.UTI Nifty Index Fund, as an index fund, seeks to mirror the performance of the Nifty 50 index by investing in the same stocks in the same proportions as the index. This means that the fund's returns are projected to closely match the Nifty 50 index's performance. The fund invests in leading companies such as Wipro, Infosys, ITC, and HUL.
Key Parameters
- UTI Nifty 50 Index Fund Direct Growth has ₹19626 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.2.
Returns
UTI Nifty 50 Index Fund Direct Growth has given a CAGR return of 13.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.32%, 13.05% and 15.50% respectively.
Holdings
UTI Nifty 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Energy, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd
Taxation
As it is a index funds 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 Nifty 50 Index Fund Direct Growth
The principal investment objective of the scheme is to invest in stocks of companies comprising Nifty 50 Index and endeavor to achieve return equivalent to Nifty 50 Index by “passive” investment. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. UTI Nifty 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for UTI Nifty 50 Index Fund Direct Growth
UTI Nifty 50 Index Fund Direct Growth Overview
| Expense ratio | 0.19% |
Benchmark | IISL Nifty 50 TR INR |
| AUM | ₹19626 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 10.85% |
| 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 |
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -6.13% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
- This fund outperformed Nifty 50 by 0.04% in Oct'24
- AUM of the fund stands at 20.4K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Tech & Energy
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 12.11% | 2.3% | |
 ICICI Bank Ltd | 8.37% | 2.3% | |
 Reliance Industries Ltd | 8.31% | 2.3% | |
 Infosys Ltd | 5.82% | 2.3% | |
 ITC Ltd | 4.18% | 2.3% |
Top Growth Drivers | 1M Return |
|---|---|
 State Bank of India | 5.3% |
 HDFC Bank Ltd | 4.5% |
 ICICI Bank Ltd | 0.6% |
Mutual Fund Insights
UTI Nifty 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹19626 Cr
Expense Ratio 0.19%
Frequently Asked Questions for UTI Nifty 50 Index Fund Direct Growth
UTI Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.63% | -1.63% |
6 Month Returns | 5.11% | 5.11% |
1 Year Returns | 21.32% | 21.32% |
3 Years Returns | 44.47% | 13.05% |
5 Years Returns | 105.53% | 15.5% |
- 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 Nifty 50 Index Fund Direct Growth | -0.26 | -0.24 | -0.31 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Nifty 50 Index Fund Direct Growth | 1 | 1 | 1 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Nifty 50 Index Fund Direct Growth | 1.48 | 0.49 | 0.63 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Nifty 50 Index Fund Direct Growth | 12.78 | 12.9 | 18.74 |