UTI Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 24.59 as on 17-05-2024
About the Fund
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 ₹3833 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Fund Performance
9197 people have invested ₹ 8.7Cr in UTI Nifty Next 50 Index Fund Direct Growth in the last three months
Overview
 | 0.35% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹3833 Cr |
 | 28 June, 2018 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 45.51% |
UTI Nifty Next 50 Index Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
87.4%
Mid cap
12.6%
Sector Allocation
Financial Services
23.8%
Industrial
19.3%
Basic Materials
13.2%
Consumer Cyclical
12.1%
Consumer Defensive
11.1%
Utilities
9.5%
Energy
3.2%
Real Estate
3%
Health
2.5%
Communication
2.4%
Top Holdings of UTI Nifty Next 50 Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings50
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Vedanta Ltd | 15.7% |
 Trent Ltd | 13.5% |
 Hindustan Aeronautics Ltd | 12.4% |
Top Losers | 1M Return |
|---|---|
 DLF Ltd | -5.7% |
 Shree Cement Ltd | 3.8% |
 TVS Motor Company Ltd | 6.3% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 7.03% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 0.64% as on Apr'24
- This fund outperformed Nifty Next 50 by 6.39% in Apr'24
AUM Change
- AUM of the fund stands at 3.8K Cr as of Apr'24
- AUM increased by 304.5 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, DSP Nifty Next 50 Index Fund Direct Growth has given 62.09% return, outperforming this fund by 0.07%.
In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 23.56% return, outperforming this fund by 0.2% per annum.
In the last 5 years, this fund has outperformed all funds in its category.
Over the last 6 months, this fund has experienced a 54.7% growth in AUM moving from 2.47K Cr to 3.83K Cr.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.52%.
Over the last 6 months, this fund has increased expense ratio by 2.9% moving from 0.34 to 0.35.
INDmoney Rank
Powered by IND quant engine
6
/12
79% Performance
0% Cost
6 out of 12 among Index-Nifty-Next-50
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Sharwan Kumar Goyal
Fund Manager of UTI Nifty Next 50 Index Fund Direct Growth, since 1 May 2019
Top funds managed
UTI Nifty Next 50 Index 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 16.29% since inception which is less than its category average return of 19.26%
Fund Allocations
This fund has an allocation of 99.95% in Equity, 0% in Debt and 0.05% in Cash related instruments
AUM size ₹3833 Cr
This fund has AUM of ₹3833 Cr which is more than its category average of ₹ 723 Cr
Expense Ratio 0.35%
This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of UTI Nifty Next 50 Index Fund Direct Growth is ₹24.59 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
UTI Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.86% | 6.86% |
6 Month Returns | 42.42% | 42.42% |
1 Year Returns | 62.02% | 62.02% |
3 Years Returns | 87.7% | 23.36% |
5 Years Returns | 161.77% | 21.22% |
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0.35% as on April 2024
₹3833 Cr as on April 2024
Trent Ltd(5%), Bharat Electronics Ltd(4.31%), Tata Power Co Ltd(3.92%), Hindustan Aeronautics Ltd Ordinary Shares(3.8%), Power Finance Corp Ltd(3.3%) as on April 2024
Financial Services(23.76%), Industrial(19.26%), Basic Materials(13.16%) as on April 2024
The alpha ratio for the UTI Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI Nifty Next 50 Index Fund Direct Growth | -0.36 | -0.39 | -0.36 |
As on April 2024
The alpha for UTI Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 50 TR INR. 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 Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Nifty Next 50 Index Fund Direct Growth | 1 | 1 | 1 |
As on April 2024
The Beta for UTI Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR INR. 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 Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Nifty Next 50 Index Fund Direct Growth | 3.2 | 1.02 | 0.74 |
As on April 2024
The sharpe ratio for UTI Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR INR. 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 Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Nifty Next 50 Index Fund Direct Growth | 14.04 | 17.15 | 19.41 |
As on April 2024
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.
Sortino ratio is 1.85 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sharwan Kumar Goyal is the fund manager of UTI Nifty Next 50 Index Fund Direct Growth
The Exit load of UTI Nifty Next 50 Index Fund Direct Growth is 0%