UTI Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 10.59 as on 07-05-2024
About the Fund
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
- UTI Innovation Fund Direct Growth has ₹620 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.
Fund Performance
227 people have invested ₹ 7.1L in UTI Innovation Fund Direct Growth in the last three months
Overview
 | 0.96% |
 Benchmark | Nifty 500 TRI |
 | ₹620 Cr |
 | 13 October, 2023 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
UTI Innovation Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Small cap
43.8%
Mid cap
38.9%
Large cap
9.3%
Sector Allocation
Tech
25.5%
Communication
22.9%
Consumer Cyclical
18.6%
Industrial
14.6%
Basic Materials
7.1%
Financial Services
6.9%
Health
4.3%
Top Holdings of UTI Innovation Fund Direct Growth as on (30-Apr-24)
Equity Holdings24
Gainers & Losers Returns for the month of Mar
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -1.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 1.07% in Mar'24
AUM Change
- AUM of the fund stands at 624.4 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Ankit Agarwal
Fund Manager of UTI Innovation Fund Direct Growth, since 18 October 2023
Top funds managed
UTI Innovation Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 6.8% since inception (13nd Oct 2023)
Fund Allocations
This fund has an allocation of 91.92% in Equity, 0.74% in Debt and 7.34% in Cash related instruments
AUM size ₹620 Cr
This fund has AUM of ₹620 Cr which is less than its category average of ₹ 1775 Cr
Expense Ratio 0.96%
This fund has an expense ratio of 0.96% which is less than its category average expense ratio of 1.3%
Frequently Asked Questions
The current NAV of UTI Innovation Fund Direct Growth is ₹10.59 as on 07-May-2024.
Existing (Absolute + CAGR) as on 07-May-2024.
UTI Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.74% | -2.74% |
6 Month Returns | 5.51% | 5.51% |
1 Year Returns | 0% | 0% |
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.
0.96% as on April 2024
₹620 Cr as on April 2024
PB Fintech Ltd(7.02%), Zomato Ltd(6.79%), Info Edge (India) Ltd(6.12%), FSN E-Commerce Ventures Ltd(5.97%), KPIT Technologies Ltd(4.99%) as on April 2024
Tech(23.08%), Communication(20.2%), Consumer Cyclical(18.18%) as on April 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 April 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 April 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 | - | - | - |
As on April 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 | - | - | - |
As on April 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%