| Launch date | 02 Sep 2024 |
| Allotment date | 19 Sep 2024 |
| End date | 16 Sep 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.43%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund management
Sharwan Kumar GoyalSep 2024 - PresentView details
Ayush JainSep 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #8 in India |
|---|---|
| Total AUM | ₹3,25,384.55Cr |
| Date of Incorporation | 14 Nov 2002 |
|---|
UTI Nifty Private Bank Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was made available to investors on 14 Nov 2002. Ayush Jain is the Current Fund Manager of UTI Nifty Private Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,25,385 Cr and the Latest NAV as of 14 Jan 2025 is ₹8.90. The UTI Nifty Private Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. ;
Investment Objective
The scheme seeks to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error. ;
| Fund benchmark | Nifty Private Bank TRI |
|---|