UTI Nifty Index Fund is the first open-ended index fund that was introduced on March 06, 2000. It replicates the performance of the benchmark Nifty 50 Index. The fund size of the scheme is ₹11585.85 Cr.
It is one of the largest index funds having a CAGR of 12.75%.
The UTI Nifty 50 Index Fund – growth offers the following option.
- Growth Option
- Payout of Income Distribution cum capital withdrawal option (Payout of IDCW Option)
- Reinvestment of Income Distribution cum capital withdrawal option (Reinvestment of IDCW Option)
UTI Nifty 50 Index Fund NAV
The current NAV (as on July 12, 2023) of
- UTI value opportunities fund direct growth is ₹132.2687,
- UTI value opportunities fund regular growth is ₹130.7652,
- UTI value opportunities fund direct IDCW is ₹66.6389,
- UTI value opportunities fund regular IDCW is ₹65.8793.
UTI Nifty 50 Index Fund Performance
| Years | Annualized Return | |
| Period Invested for | Direct-Growth Plan | Regular Growth Plan |
| 1 Year | 21.67% | 21.55% |
| 2 Year | 25.78% | 25.53% |
| 3 Year | 85.14% | 84.67% |
| 5 Year | 84.11% | 83.38% |
| 10 Year | 251.99% | 248.50% |
- The above table distinguishes between the Annualized Return of Direct and Regular plans. The UTI Nifty 50 Index Fund Direct plan returns have yielded a much better return percentage than the regular plan.
- The Fund has performed at a CAGR of 12.75% annually since Inception vs. 11.95% to NIFTY 50 TRI (benchmark). The category average has performed at a CAGR of 9.66%.
- Fundamental Analysis Ratio:
- P/E Ratio- 23.51
- P/B Ratio- 3.40
UTI Value Opportunities Fund Portfolio
The portfolio of the scheme includes
- Equity – 99.8%
- Cash- 0.2%
The Fund holds a total of 50 company stocks, which are further divided into
- Large-cap Investments – 86.22%
- Mid-Cap Investments – 2.08%
- Small-cap Investments – 0%
- Other – 11.51%
The Top Industrial Sectors Allocation for UTI Nifty 50 Index Fund Direct Growth
| Financial | 36.5% |
| Others | 15.4% |
| Technology | 13.0% |
| Automobile | 5.8% |
| Energy | 14.1% |
| Constructions | 5.2% |
| Consumer Staples | 10.0% |
The Top 10 Holdings by UTI Nifty 50 Index Fund – Direct Plan-Growth
| Top 10 stocks invested | % of total holdings |
| Reliance Industries Ltd. | 10.19% |
| HDFC Bank Ltd. | 8.88% |
| ICIC Bank Ltd. | 7.72% |
| Housing Development Finance Corporation Ltd. | 6.09% |
| Infosys Ltd. | 5.63% |
| ITC Limited | 4.71% |
| Tata Consultancy Services Ltd. | 4.00% |
| Larsen & Toubro Ltd. | 3.53% |
| Kotak Mahindra Bank Ltd. | 3.21% |
| Axis Bank Ltd. | 3.20% |
UTI Nifty 50 Index Fund – Direct Plan-Growth – Risk Ratio
While investing in a mutual fund, it is always important to take calculative moves to ensure the investments are safe.
A few important parameters need to be considered: the Risk Ratio.
Let’s have a look at the last 3-year risk ratio of this Scheme:
- Standard Deviation: 13.57 vs. 12.03
- Alpha: -0.29 vs. -0.99
- Beta: 1 vs. 0.75
- Sharpe Ratio: 1.19 vs. 0.71 This Scheme’s Risk Ratio is lower than the category average from the above details.
More Funds from UTI Mutual Fund:
- UTI Value Opportunities Fund
- UTI Nifty next 50 Index fund.
UTI Nifty 50 Index Fund Expense Ratio
- The Total Expense Ratio (TER) of UTI Value Opportunities Fund – Direct Plan-Growth is 0.2%.
- The UTI Nifty 50 Index Fund Regular TER is 0.3%.
- An expense ratio of 0.20% is considered relatively low compared to the industry average. Lower expense ratios can benefit investors by increasing their net returns on investment.
This Fund has zero exit load when redeemed post 1 year. This Fund would be the better choice for the investors.
Peers of UTI Nifty 50 Index Fund – Direct Plan Growth
| Peers Name | Fund Size in Cr |
| Axis Nifty Midcap 50 Index Fund | 56.93 |
| Navi NASDAQ 100 Fund of Fund | 639.23 |
| ICICI Prudential NASDAQ 100 Index Fund | 839.84 |
| ICICI Prudential Nifty Smallcap 250 Index Fund | 104.33 |
| Motilal Oswal Nifty Smallcap 250 Index Fund | 351.48 |
| Nippon India Nifty Smallcap 250 Index Fund | 501.73 |
| Navi NASDAQ 100 Fund of Fund | 2272.53 |
| Nippon India Nifty Midcap 150 Index Fund | 846.90 |
| ICICI Prudential NASDAQ 100 Index Fund | 761.53 |
| Motilal Oswal Nifty Midcap 150 Index Fund (MOFMIDCAP) | 98.18 |
UTI Nifty 50 Index Fund Manager
The fund manager is responsible for managing the mutual fund and making investment decisions on behalf of the investors.
Sharwan Kumar Goyal
- Sharwan Goyal is the Fund Manager and Head of Passive, Arbitrage, and Quant strategies at UTI AMC.
- He is a CFA Charter holder from CFA Institute, USA and also holds a Postgraduate degree in Management (MMS) from Welingkar Institute of Management, Mumbai.
- He has over 16 years of experience in Risk Management, Equity Research, Portfolio Analysis, and Fund Management at UTI AMC.
Ayush Jain
- Ayush Jain is the Manager and designated as Investment Associate at UTI AMC Ltd.
- He is a Chartered Accountant holding a charter from Institute of Chartered Accountants of India.
- He began his career with UTI AMC Ltd in April 2018 and has over 4 years of experience in Equity Research, Equity Portfolio Analysis & Portfolio Management Services.
Key Takeaways
- UTI Nifty 50 Index Fund – Growth offers investors a simple and effective way to invest in the Indian equity market.
- It provides a convenient option for investors seeking a passive investment strategy. With a low expense ratio and no exit load, the fund offers investors an affordable and flexible investment option.
- Whether you are a new investor or a seasoned professional, UTI Nifty 50 Index Fund – Growth is worth considering for your investment portfolio.
Frequently Asked Questions (FAQs):
Is there an exit load for UTI Nifty 50 Index Fund – Growth?
No, there is no exit load for UTI Nifty 50 Index Fund – Growth, making it a flexible investment option for investors.
How does UTI Nifty 50 Index Fund – Growth differ from other mutual funds?
UTI Nifty 50 Index Fund follows a passive investment strategy that tracks the performance of the Nifty 50 index. At the same time, other mutual funds generally use an active investment strategy to track the performance.
The Nifty 50 index is a benchmark index of the National Stock Exchange (NSE) in India that comprises the top 50 companies listed on the NSE.
What is the AUM of UTI Nifty 50 Index Fund Direct Growth?
The AUM, Assets Under Management, of UTI Nifty 50 Index Fund Direct Growth is ₹11,585.85Cr as of 13 July 2023.
What is the expense ratio of UTI Nifty 50 Index Fund?
The Expense Ratio of UTI Nifty 50 Index Fund Direct Growth is 0.20% as of 13 July 2023.
Ashkar Gomez
Ashkar Gomez has rich experience in financial planning, management, Risk analysis in the equity and debt market. They completely advise on Value Investing.