UTI Nifty50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 12.99 as on 03-05-2024
About the Fund
UTI Nifty50 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 7 June, 2023. The fund is managed by Sharwan Kumar Goyal. The fund could potentially beat inflation in the long-run.
Key Parameters
- UTI Nifty50 Equal Weight Index Fund Direct Growth has ₹68 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Fund Performance
183 people have invested ₹ 5.5L in UTI Nifty50 Equal Weight Index Fund Direct Growth in the last three months
Overview
 | 0.56% |
 Benchmark | NIFTY50 Equal Weight TR INR |
 | ₹68 Cr |
 | 7 June, 2023 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 0% |
UTI Nifty50 Equal Weight Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
97.9%
Mid cap
2%
Sector Allocation
Financial Services
22.1%
Consumer Cyclical
14.1%
Basic Materials
12%
Tech
11.7%
Energy
10.1%
Health
9.9%
Consumer Defensive
9.9%
Industrial
4.1%
Utilities
4%
Communication
2%
Top Holdings of UTI Nifty50 Equal Weight Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings50
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Eicher Motors Ltd | 14.6% |
 Hindalco Industries Ltd | 12% |
 Mahindra & Mahindra Ltd | 9.5% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.47% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty 50 by 1.52% in Mar'24
AUM Change
- AUM of the fund stands at 64.1 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Sharwan Kumar Goyal
Fund Manager of UTI Nifty50 Equal Weight Index Fund Direct Growth, since 7 June 2023
Top funds managed
UTI Nifty50 Equal Weight Index 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 29.91% since inception (07nd Jun 2023)
Fund Allocations
This fund has an allocation of 99.88% in Equity, 0% in Debt and 0.12% in Cash related instruments
AUM size ₹68 Cr
This fund has AUM of ₹68 Cr which is less than its category average of ₹ 669 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is more than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of UTI Nifty50 Equal Weight Index Fund Direct Growth is ₹12.99 as on 03-May-2024.
Existing (Absolute + CAGR) as on 03-May-2024.
UTI Nifty50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.16% | 0.16% |
6 Month Returns | 22.3% | 22.3% |
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.
0.56% as on April 2024
₹68 Cr as on April 2024
Bajaj Finance Ltd(2.12%), Adani Ports & Special Economic Zone Ltd(2.07%), Larsen & Toubro Ltd(2.06%), Bajaj Finserv Ltd(2.04%), NTPC Ltd(2.04%) as on April 2024
Financial Services(22.11%), Consumer Cyclical(14.06%), Basic Materials(12.03%) as on April 2024
The alpha ratio for the UTI Nifty50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
As on April 2024
The alpha for UTI Nifty50 Equal Weight Index Fund Direct Growth is calculated against NIFTY50 Equal Weight 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 Nifty50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
As on April 2024
The Beta for UTI Nifty50 Equal Weight Index Fund Direct Growth is calculated with NIFTY50 Equal Weight 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 Nifty50 Equal Weight 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 Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
As on April 2024
The sharpe ratio for UTI Nifty50 Equal Weight Index Fund Direct Growth is calculated with NIFTY50 Equal Weight 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 Nifty50 Equal Weight 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 Nifty50 Equal Weight Index 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.
Sharwan Kumar Goyal is the fund manager of UTI Nifty50 Equal Weight Index Fund Direct Growth
The Exit load of UTI Nifty50 Equal Weight Index Fund Direct Growth is 0%