UTI Nifty Index Fund Direct Dividend is a Others Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Kaushik Basu is the Current Fund Manager of UTI Nifty Index Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹1,429 Cr and the Latest NAV as of 22 Aug 2019 is ₹35.8.
The UTI Nifty Index Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
The fund aims to invest in stocks listed in S & P Index in same weight age as in S & P Index
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment