Fund Details
UTI Nifty Next 50 Index Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.33% |
| NAV | ₹12.27 (20 Jan 2021) |
|---|---|
| Fund Started | 29 Jun 2018 |
| Fund Size | ₹779 Cr |
Returns
Comparison
1. Lower expense ratio - 0.32%
2. Exit load is zero
1. Age is less than 3 years
2. Risk-adjusted returns are lower compared to the category
3. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Adani Green Energy Ltd. | Engineering | Equity | 5.3% |
| Avenue Supermarts Ltd. | Services | Equity | 4.0% |
| Info Edge (India) Ltd. | Services | Equity | 3.9% |
| Tata Consumer Products Ltd. | FMCG | Equity | 3.8% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 3.8% |
| Dabur India Ltd. | FMCG | Equity | 3.4% |
| Godrej Consumer Products Ltd. | FMCG | Equity | 3.1% |
| Bandhan Bank Ltd. | Financial | Equity | 3.0% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 2.9% |
| Pidilite Industries Ltd. | Chemicals | Equity | 2.8% |
Fund Managers
UTI Nifty Next 50 Index Fund Direct Growth Details
UTI Nifty Next 50 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was made available to investors on 29 Jun 2018. Kaushik Basu, Sharwan Kumar Goyal is the Current Fund Manager of UTI Nifty Next 50 Index Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹779 Cr and the Latest NAV as of 20 Jan 2021 is ₹12.27.
The UTI Nifty Next 50 Index Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme seeks to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
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.
