UTI Nifty Next 50 Index Fund Direct Growth

UTI Nifty Next 50 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 05-12-2024

₹ 26.61

0.5%

1D

Inception Returns

16.4%

/yr

About UTI Nifty Next 50 Index Fund Direct Growth

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 ₹4873 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

UTI Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 16.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 46.47%, 20.00% and 21.03% respectively.

Holdings

UTI Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Financial Services, Industrial, Basic Materials, Utilities, Consumer Cyclical, Consumer Defensive, Health, Real Estate, Communication, Energy, Tech. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Divi's Laboratories Ltd, Vedanta Ltd, InterGlobe Aviation 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
19240 people have invested ₹ 19.2Cr in UTI Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank for UTI Nifty Next 50 Index Fund Direct Growth

Powered by IND quant engine
6
/12
75% Performance
0% Cost
6 out of 12 among Index-Nifty-Next-50
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

UTI Nifty Next 50 Index Fund Direct Growth Overview

Expense ratio0.36%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹4873 Cr
Inception Date28 June, 2018
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
35.8%
STCGSelling mutual fund 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

Fund Distribution

as on (31-Oct-24)

  • Equity 100%

Large cap
91.6%

Mid cap
8.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
22.6%
Industrial
18.7%
Basic Materials
12.4%
Utilities
9.7%
Consumer Cyclical
9.4%
Consumer Defensive
8.2%
Health
6.9%
Real Estate
3.2%
Communication
3.1%
Energy
2.9%
Tech
2.8%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-9.32%
2.33%
0.76%
Nifty Next 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -9.32% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty Next 50 by 3.15% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 4.7K Cr
₹ 5K Cr
₹ 4.8K Cr
  • AUM of the fund stands at 4.7K Cr as of Oct'24
  • AUM decreased by 282.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Divi's Laboratories Ltd's allocation increased from 3.37% to 4.02%
Divi's Laboratories Ltd's allocation increased from 3.37% to 4.02%
Bank of Baroda's allocation increased from 2.25% to 2.51%
Bank of Baroda's allocation increased from 2.25% to 2.51%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 4.09% to 4.33%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 4.09% to 4.33%
Top Stocks sold last month
Vedanta Ltd's allocation decreased from 4.24 % to 4.22 %
Vedanta Ltd's allocation decreased from 4.24 % to 4.22 %
InterGlobe Aviation Ltd's allocation decreased from 4.04 % to 3.76 %
InterGlobe Aviation Ltd's allocation decreased from 4.04 % to 3.76 %
TVS Motor Co Ltd's allocation decreased from 3.25 % to 3.15 %
TVS Motor Co Ltd's allocation decreased from 3.25 % to 3.15 %
Mid Cap allocation has gone down from 8.4% to 8.4%
Mid Cap allocation has gone down from 8.4% to 8.4%
Large Cap allocation has gone down from 91.7% to 91.6%
Large Cap allocation has gone down from 91.7% to 91.6%
Cash allocation has gone up from -0.2% to -0%
Cash allocation has gone up from -0.2% to -0%

Top 3 Sectors in October were Financial Services, Industrial & Basic Materials

Oct'24
Financial Services
23%
Industrial
19%
Basic Materials
12%
Sep'24
Financial Services
22%
Industrial
19%
Basic Materials
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
51
52
52
Top 5 Company Concentration
20.3%
19.8%
22.2%
Company having highest exposure
Hindustan Aeronautics Ltd Ordinary Shares (4.3%)
Vedanta Ltd (4.2%)
Trent Ltd (6.8%)
No of Sectors
11
11
10
Top 5 Sectors Concentration
72.8%
73.1%
81%
Sector having highest exposure
Financial Services (22.6%)
Financial Services (22.4%)
Financial Services (21.9%)
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Sharwan Kumar Goyal
Sharwan Kumar Goyal
Fund Manager of UTI Nifty Next 50 Index Fund Direct Growth, since 31 August 2018
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.37L Cr
as on 31-Oct-2024
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
service@uti.co.in

Mutual Fund Insights

Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
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Over the last 3 months, this fund has increased expense ratio by 5.9% moving from 0.34 to 0.36.
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This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.51%.
Insights icon
In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 20.22% return, outperforming this fund by 0.23% per annum.
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In the last 1 year, this fund has outperformed all funds in its category.
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Over the last 1 month, this fund has experienced a 5.7% drop in AUM moving from 4.97K Cr to 4.69K Cr.

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 16.36% since inception which is less than its category average return of 16.98%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.04% in Equity, 0% in Debt and -0.04% in Cash related instruments
AUM size ₹4873 Cr

AUM size ₹4873 Cr

This fund has AUM of ₹4873 Cr which is more than its category average of ₹ 803 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.53%

Frequently Asked Questions for UTI Nifty Next 50 Index Fund Direct Growth

The current NAV of UTI Nifty Next 50 Index Fund Direct Growth is ₹26.61 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
UTI Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.13%
4.13%
6 Month Returns
12.98%
12.98%
1 Year Returns
46.47%
46.47%
3 Years Returns
72.78%
20%
5 Years Returns
159.64%
21.03%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.36% as on November 2024
₹4873 Cr as on November 2024
Hindustan Aeronautics Ltd Ordinary Shares(4.51%), Divi's Laboratories Ltd(4.16%), Vedanta Ltd(4.08%), InterGlobe Aviation Ltd(4.02%), Power Finance Corp Ltd(3.82%) as on November 2024
Financial Services(22.6%), Industrial(18.69%), Basic Materials(12.38%) as on November 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
-0.45
-0.4
-0.42
As on November 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 November 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
2
0.76
0.78
As on November 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
17.05
17.96
19.86
As on November 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 1.24 as on November 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%