UTI Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 16.5 as on 03-10-2023
Fund Performance
6610 people have invested ₹ 3.5Cr in UTI Nifty Next 50 Index Fund Direct Growth in the last three months
Fund Insights
In the last 3 years, DSP Nifty Next 50 Index Fund Direct Growth has given 18.95% return, outperforming this fund by 0.1% per annum.
In the last 1 year, DSP Nifty Next 50 Index Fund Direct Growth has given 9.59% return, outperforming this fund by 0.25%.
Over the last 6 months, this fund has experienced a 27.4% growth in AUM moving from 1.92K Cr to 2.45K Cr.
Over the last 15 months, this fund has increased expense ratio by 17.2% moving from 0.29 to 0.34.
In the last 5 years, this fund has outperformed all funds in its category.
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%.
INDmoney Rank
Powered by IND quant engine
6
/11
78% Performance
4% Cost
6 out of 11 among Index-Nifty-Next-50
Pros
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
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
- UTI Nifty Next 50 Index Fund Direct Growth has ₹2455 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
- The fund has an expense ratio 0.3.
UTI Nifty Next 50 Index Fund Direct Growth Overview
 | 0.34% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹2455 Cr |
 | 28 June, 2018 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 45.51% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
86.9%
Mid cap
12.9%
Sector Allocation
Basic Materials
20.4%
Financial Services
18.9%
Industrial
18.5%
Consumer Defensive
16.7%
Utilities
8%
Consumer Cyclical
7.2%
Communication
3.7%
Energy
2.7%
Real Estate
2.5%
Health
1.4%
Top Holdings of UTI Nifty Next 50 Index Fund Direct Growth as on (30-Sep-23)
Equity Holdings50
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bharat Electronics Ltd | 3.88% | 2.4% | |
 Cholamandalam Investment and Finance Co Ltd | 3.6% | 2.4% | |
 Pidilite Industries Ltd | 3.12% | 2.4% | |
 Godrej Consumer Products Ltd | 3.09% | 2.4% | |
 Hindustan Aeronautics Ltd Ordinary Shares | 2.97% | 2.4% |
See all
UTI Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -1.86% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty Next 50 by 0.57% in Aug'23
AUM Change
- AUM of the fund stands at 2.5K Cr as of Aug'23
- AUM decreased by 33 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in UTI Nifty Next 50 Index Fund Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 15.2% |
 Varun Beverages Ltd | 12.3% |
 Havells India Ltd | 4.8% |
Top Losers | 1M Return |
|---|---|
 Vedanta Ltd | -16.1% |
 Info Edge (India) Ltd | -7% |
 Bank of Baroda | -6.9% |
Peer Analysis
UTI Nifty Next 50 Index Fund Direct Growth Fund Manager
Sharwan Kumar Goyal
Fund Manager of UTI Nifty Next 50 Index Fund Direct Growth, since 1 May 2019
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 10.03% since inception which is less than its category average return of 14.22%
Fund Allocations
This fund has an allocation of 99.87% in Equity, 0% in Debt and 0.13% in Cash related instruments
AUM size ₹2455 Cr
This fund has AUM of ₹2455 Cr which is more than its category average of ₹ 554 Cr
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 ₹16.54 as on 03-Oct-2023.
Existing (Absolute + CAGR) as on 03-Oct-2023.
UTI Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.82% | 0.82% |
6 Month Returns | 19.44% | 19.44% |
1 Year Returns | 9.34% | 9.34% |
3 Years Returns | 67.87% | 18.85% |
5 Years Returns | 72.2% | 11.48% |
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 September 2023
₹2455 Cr as on September 2023
Bharat Electronics Ltd(3.88%), Cholamandalam Investment and Finance Co Ltd(3.6%), Pidilite Industries Ltd(3.12%), Godrej Consumer Products Ltd(3.09%), Hindustan Aeronautics Ltd Ordinary Shares(2.97%) as on September 2023
Basic Materials(20.37%), Financial Services(18.92%), Industrial(18.48%) as on September 2023
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 | -0.36 | -0.4 | -0.37 |
As on September 2023
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 September 2023
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 | 0.05 | 0.84 | 0.39 |
As on September 2023
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 | 14.29 | 16.71 | 18.75 |
As on September 2023
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 1.5 as on September 2023. 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%