Equity
Direct
Equity - Other
NAV as on 07-11-2024
₹ 12.49
▲2.9%
1D
Inception Returns
23%
/yr
UTI Innovation Fund Direct Growth is an equity fund. This fund was started on 13 October, 2023. The fund is managed by Ankit Agarwal. The fund could potentially beat inflation in the long-run.
UTI Innovation Fund Direct Growth has given a CAGR return of 23.03% since inception. Over the last 1 year the fund has given a CAGR return of 23.27%.
UTI Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Industrial, Consumer Cyclical, Government, Financial Services, Basic Materials, Health. Its top holdings are PB Fintech Ltd, Info Edge (India) Ltd, Zomato Ltd, FSN E-Commerce Ventures Ltd, Praj Industries Ltd
As it is a equity - other 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.
The scheme intends to provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. UTI Innovation Fund Direct Growth has no lock in period.
Expense ratio | 0.82% |
Benchmark | Nifty 500 TRI |
AUM | ₹843 Cr |
Inception Date | 13 October, 2023 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 4.58% |
STCG | Redeeming 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 |
as on (07-Nov-24)
as on (30-Sep-24)
Top 3 Sectors in September were Tech, Communication & Consumer Cyclical
UTI Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.46% | -3.46% |
6 Month Returns | 16.84% | 16.84% |
1 Year Returns | 23.27% | 23.27% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI Innovation Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Innovation Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Innovation Fund Direct Growth | 0.83 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Innovation Fund Direct Growth | 18.05 | - | - |