UTI Nifty Private Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 19-12-2024
₹ 9.13
1D
Inception Returns
/yr
About UTI Nifty Private Bank Index Fund Direct Growth
UTI Nifty Private Bank Index Fund Direct Growth is an equity fund. This fund was started on 24 September, 2024. The fund is managed by Sharwan Kumar Goyal. The fund could potentially beat inflation in the long-run.
Key Parameters
- UTI Nifty Private Bank Index Fund Direct Growth has ₹155 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
UTI Nifty Private Bank Index Fund Direct Growth has given a CAGR return of -7.45% since inception.
Holdings
UTI Nifty Private Bank Index Fund Direct Growth has allocated its funds majorly in Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, Axis Bank Ltd, IndusInd Bank 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 Private Bank Index Fund Direct Growth
The Investment objective of the Scheme is to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance 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 Nifty Private Bank Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
UTI Nifty Private Bank Index Fund Direct Growth Overview
| Expense ratio | 0.44% |
Benchmark | NIFTY Private Bank TR INR |
| AUM | ₹155 Cr |
| Inception Date | 24 September, 2024 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 0% |
| 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)
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 3.9% |
 Kotak Mahindra Bank Ltd | 3% |
UTI Nifty Private Bank Index Fund Direct Growth Highlights
Very High Risk
Fund Allocations
AUM size ₹155 Cr
Expense Ratio 0.44%
Frequently Asked Questions for UTI Nifty Private Bank Index Fund Direct Growth
UTI Nifty Private Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.98% | 0.98% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
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 Nifty Private Bank Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
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Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Nifty Private Bank Index Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
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