UTI Nifty Private Bank Index Fund Direct Growth

Equity
Sectoral
Launch dateNA
Allotment date19 Sep 2024
End dateNA
NAV₹10.00
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Expense ratio, exit load and tax

Expense ratio: NA

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹500

Fund management

Fund house & investment objective

Rank (total assets)#8 in India
Total AUM₹3,25,384.55Cr
Date of Incorporation14 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 02 Sep 2024 is ₹10.00. The UTI Nifty Private Bank Index Fund Direct Growth is rated NA 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 benchmarkNifty Private Bank TRI

Fund house contact details

Address
UTI Tower, Plot C-1, GN Block,Banrda Kurla Complex, Bandra (East) Mumbai 400051
Phone
0263 2296993
Launch Date
14 Nov 2002
E-mail
NA
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