UTI Nifty Next 50 Index Fund Direct Growth

Equity
Direct
Index Funds
UTI Nifty Next 50 Index Fund Direct Growth

About the Fund

UTI Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 28 June, 2018. The fund is managed by Sharwan Kumar Goyal. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. UTI Nifty Next 50 Index Fund Direct Growth has ₹4360 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

UTI Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 17.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 67.18%, 24.22% and 22.88% respectively.

Holdings

UTI Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Consumer Defensive, Utilities, Energy, Real Estate, Communication, Health. Its top holdings are Trent Ltd, Bharat Electronics Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Tata Power Co Ltd, Power Finance Corp Ltd

Taxation

As it is a index funds 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 Nifty Next 50 Index Fund Direct Growth

The principal investment objective of the scheme is to invest in stocks of companies comprising the underlying index and endeavor to achieve return equivalent to underlying index by “passive” investment. The scheme will be managed by replicating the index in the same weightages in the underlying Index with the intention of minimizing the performance differences between the scheme and the underlying Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error. The scheme would alter the scripts/weights as and when the same are altered in the underlying index.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. UTI Nifty Next 50 Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
12311 people have invested ₹ 15.3Cr in UTI Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
4
/12
78% Performance
4% Cost
4 out of 12 among Index-Nifty-Next-50
img
5Y returns in the top 25% of the category
img
Beats FD returns for both 3Y & 5Y
img
No bad points found for this fund.

Fund Overview

Expense ratio0.34%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹4360 Cr
Inception Date28 June, 2018
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
45.51%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Large cap
89.4%

Mid cap
10.5%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
22%
Industrial
21.5%
Consumer Cyclical
13.6%
Basic Materials
12.7%
Consumer Defensive
11.1%
Utilities
8.9%
Energy
2.8%
Real Estate
2.4%
Communication
2.4%
Health
2.4%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Sharwan Kumar Goyal
Sharwan Kumar Goyal
Fund Manager of UTI Nifty Next 50 Index Fund Direct Growth, since 1 May 2019

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.52%.
Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 24.48% return, outperforming this fund by 0.26% per annum.
Insights icon
In the last 1 year, SBI Nifty Next 50 Index Fund Direct Growth has given 67.26% return, outperforming this fund by 0.09%.
Insights icon
Over the last 6 months, this fund has experienced a 44.0% growth in AUM moving from 3.02K Cr to 4.35K Cr.
Insights icon
Over the last 15 months, this fund has increased expense ratio by 3.0% moving from 0.33 to 0.34.

UTI Nifty Next 50 Index 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 17.89% since inception which is less than its category average return of 23.53%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.89% in Equity, 0% in Debt and 0.11% in Cash related instruments
AUM size ₹4360 Cr

AUM size ₹4360 Cr

This fund has AUM of ₹4360 Cr which is more than its category average of ₹ 801 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of UTI Nifty Next 50 Index Fund Direct Growth is ₹27.26 as on 15-Jul-2024.
Existing (Absolute + CAGR) as on 15-Jul-2024.
UTI Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.04%
5.04%
6 Month Returns
34.83%
34.83%
1 Year Returns
67.18%
67.18%
3 Years Returns
91.67%
24.22%
5 Years Returns
180.11%
22.88%
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.
0.34% as on June 2024
₹4360 Cr as on June 2024
Trent Ltd(5.54%), Bharat Electronics Ltd(5.03%), Hindustan Aeronautics Ltd Ordinary Shares(4.53%), Tata Power Co Ltd(3.43%), Power Finance Corp Ltd(3.23%) as on June 2024
Financial Services(21.96%), Industrial(21.47%), Consumer Cyclical(13.63%) as on June 2024
The alpha ratio for the UTI Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
UTI Nifty Next 50 Index Fund Direct Growth
-0.38
-0.39
-0.37
As on June 2024
The alpha for UTI Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 50 TR INR. 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 Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
UTI Nifty Next 50 Index Fund Direct Growth
1
1
1
As on June 2024
The Beta for UTI Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR INR. 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 Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
UTI Nifty Next 50 Index Fund Direct Growth
3.18
1.01
0.86
As on June 2024
The sharpe ratio for UTI Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR INR. 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 Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
UTI Nifty Next 50 Index Fund Direct Growth
13.97
16.93
19.46
As on June 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.
Sortino ratio is 1.81 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sharwan Kumar Goyal is the fund manager of UTI Nifty Next 50 Index Fund Direct Growth
The Exit load of UTI Nifty Next 50 Index Fund Direct Growth is 0%