UTI Innovation Fund Direct Growth

UTI Innovation Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 07-11-2024

₹ 12.49

2.9%

1D

Inception Returns

23%

/yr

About UTI Innovation Fund Direct Growth

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.

Key Parameters

  1. UTI Innovation Fund Direct Growth has ₹843 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

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%.

Holdings

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

Taxation

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of UTI Innovation Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
354 people have invested ₹ 27.1L in UTI Innovation Fund Direct Growth in the last three months

UTI Innovation Fund Direct Growth Overview

Expense ratio0.82%
Benchmark
Nifty 500 TRI
AUM₹843 Cr
Inception Date13 October, 2023
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
4.58%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (07-Nov-24)

Period
UTI Innovation Fund Direct Growth
Nifty 500
equity - other
1M
-3.5%
-1.6%
-
3M
3.8%
-0.2%
-
6M
16.8%
10.5%
-
1Y
23.3%
32.7%
-

Fund Distribution

as on (30-Sep-24)

  • Equity 92.6%

  • Debt & Cash 7.4%

Small cap
43.8%

Mid cap
40.3%

Large cap
6.6%

Sector Allocation

Sep'24

Aug'24

Jul'24

Communication
23.4%
Tech
23.3%
Consumer Cyclical
18.2%
Industrial
17%
Basic Materials
7.2%
Financial Services
6.8%
Health
4.1%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
-0.74%
5.61%
7.27%
Nifty 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at -0.74% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
  • This fund underperformed Nifty 500 by 2.78% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 821 Cr
₹ 821 Cr
₹ 763.4 Cr
  • AUM of the fund stands at 821 Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
IndiaMART InterMESH Ltd's allocation increased from 3.77% to 4.43%
IndiaMART InterMESH Ltd's allocation increased from 3.77% to 4.43%
CE Info Systems Ltd's allocation increased from 3.65% to 4.08%
CE Info Systems Ltd's allocation increased from 3.65% to 4.08%
Zomato Ltd's allocation increased from 6.47% to 6.87%
Zomato Ltd's allocation increased from 6.47% to 6.87%
Top Stocks sold last month
PB Fintech Ltd's allocation decreased from 7.19 % to 6.4 %
PB Fintech Ltd's allocation decreased from 7.19 % to 6.4 %
FSN E-Commerce Ventures Ltd's allocation decreased from 5.7 % to 5.23 %
FSN E-Commerce Ventures Ltd's allocation decreased from 5.7 % to 5.23 %
Affle India Ltd's allocation decreased from 4.81 % to 4.79 %
Affle India Ltd's allocation decreased from 4.81 % to 4.79 %
Small Cap allocation has gone up from 40.5% to 42.7%
Small Cap allocation has gone up from 40.5% to 42.7%
Mid Cap allocation has gone down from 43.3% to 42.3%
Mid Cap allocation has gone down from 43.3% to 42.3%
Large Cap allocation has gone up from 6.5% to 6.9%
Large Cap allocation has gone up from 6.5% to 6.9%
Cash allocation has gone up from 4.5% to 5.3%
Cash allocation has gone up from 4.5% to 5.3%
Debt allocation has gone down from 0.6% to 0.6%
Debt allocation has gone down from 0.6% to 0.6%

Top 3 Sectors in September were Tech, Communication & Consumer Cyclical

Sep'24
Communication
23%
Tech
23%
Consumer Cyclical
18%
Aug'24
Tech
23%
Communication
22%
Consumer Cyclical
20%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
30
30
29
Top 5 Company Concentration
30.8%
31.1%
31.2%
Company having highest exposure
Info Edge (India) Ltd (7%)
PB Fintech Ltd (7.2%)
Zomato Ltd (6.8%)
No of Sectors
8
8
8
Top 5 Sectors Concentration
91.7%
92.9%
91.7%
Sector having highest exposure
Communication (23.4%)
Tech (22.6%)
Tech (24.1%)
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Ankit Agarwal
Ankit Agarwal
Fund Manager of UTI Innovation Fund Direct Growth, since 18 October 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
UTI Mid Cap Fund-Growth Option- Direct
18.32%
21.66%
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.29L Cr
as on 30-Sep-2024
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
service@uti.co.in

UTI Innovation Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 23.03% since inception which is more than its category average return of 20.1%
Fund Allocations

Fund Allocations

This fund has an allocation of 92.61% in Equity, 0.61% in Debt and 6.78% in Cash related instruments
AUM size ₹843 Cr

AUM size ₹843 Cr

This fund has AUM of ₹843 Cr which is less than its category average of ₹ 2417 Cr
Expense Ratio 0.82%

Expense Ratio 0.82%

This fund has an expense ratio of 0.82% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions for UTI Innovation Fund Direct Growth

The current NAV of UTI Innovation Fund Direct Growth is ₹12.49 as on 07-Nov-2024.
Existing (Absolute + CAGR) as on 07-Nov-2024.
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%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.82% as on October 2024
₹843 Cr as on October 2024
PB Fintech Ltd(6.99%), Info Edge (India) Ltd(6.78%), Zomato Ltd(6.63%), FSN E-Commerce Ventures Ltd(5.17%), Praj Industries Ltd(5.08%) as on October 2024
Tech(21.87%), Communication(21.8%), Industrial(17.56%) as on October 2024
The alpha ratio for the UTI Innovation Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
UTI Innovation Fund Direct Growth
-
-
-
As on October 2024
The alpha for UTI Innovation Fund Direct Growth is calculated against Nifty 500 TRI. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the UTI Innovation Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
UTI Innovation Fund Direct Growth
-
-
-
As on October 2024
The Beta for UTI Innovation Fund Direct Growth is calculated with Nifty 500 TRI. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the UTI Innovation Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
UTI Innovation Fund Direct Growth
0.83
-
-
As on October 2024
The sharpe ratio for UTI Innovation Fund Direct Growth is calculated with Nifty 500 TRI. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the UTI Innovation Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
UTI Innovation Fund Direct Growth
18.05
-
-
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Ankit Agarwal is the fund manager of UTI Innovation Fund Direct Growth
The Exit load of UTI Innovation Fund Direct Growth is 1%