UTI Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 20-01-2025
₹ 23.92
▲0.8%
1D
Inception Returns
14.2%
/yr
About UTI Nifty Next 50 Index Fund Direct Growth
UTI Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 28 June, 2018. The fund is managed by Sharwan Kumar Goyal. The fund could potentially beat inflation in the long-run.
Key Parameters
- UTI Nifty Next 50 Index Fund Direct Growth has ₹4796 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
UTI Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 14.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.44%, 14.64% and 17.99% respectively.
Holdings
UTI Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Utilities, Consumer Defensive, Basic Materials, Health, Real Estate, Communication, Tech, Energy. Its top holdings are Zomato Ltd, Jio Financial Services Ltd, InterGlobe Aviation Ltd, Varun Beverages Ltd, Hindustan Aeronautics Ltd Ordinary Shares
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 Next 50 Index Fund Direct Growth
The principal investment objective of the scheme is to invest in stocks of companies comprising the underlying index and endeavor to achieve return equivalent to underlying index by “passive” investment. The scheme will be managed by replicating the index in the same weightages in the underlying Index with the intention of minimizing the performance differences between the scheme and the underlying Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error. The scheme would alter the scripts/weights as and when the same are altered in the underlying index.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. UTI Nifty Next 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for UTI Nifty Next 50 Index Fund Direct Growth
UTI Nifty Next 50 Index Fund Direct Growth Overview
| Expense ratio | 0.36% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹4796 Cr |
| Inception Date | 28 June, 2018 |
| Min Lumpsum/SIP | ₹1000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 35.8% |
| 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 |
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 1.22% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -0.71% as on Nov'24
- This fund outperformed Nifty Next 50 by 1.94% in Nov'24
- AUM of the fund stands at 4.8K Cr as of Dec'24
- AUM decreased by 77.3 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Industrial & Basic Materials
Top Losers | 1M Return |
|---|---|
 Siemens Ltd | -19.4% |
 Jio Financial Services Ltd | -14.1% |
 Adani Green Energy Ltd | -2.5% |
Mutual Fund Insights
UTI Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹4796 Cr
Expense Ratio 0.36%
Frequently Asked Questions for UTI Nifty Next 50 Index Fund Direct Growth
UTI Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -9.77% | -9.77% |
6 Month Returns | -11.77% | -11.77% |
1 Year Returns | 20.44% | 20.44% |
3 Years Returns | 50.68% | 14.64% |
5 Years Returns | 128.67% | 17.99% |
- 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 Next 50 Index Fund Direct Growth | -0.34 | -0.37 | -0.41 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Nifty Next 50 Index Fund Direct Growth | 1 | 1 | 1 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Nifty Next 50 Index Fund Direct Growth | 1.19 | 0.65 | 0.74 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Nifty Next 50 Index Fund Direct Growth | 16.22 | 18.23 | 19.98 |