UTI Mutual Fund offers a Large Cap Index mutual fund scheme called UTI Nifty 50 Index Fund Direct-Growth. This fund was established on January 1, 2013, making it 11 years old. UTI Nifty 50 Index Fund Direct-Growth has assets under management (AUM) of ₹19,357 Crores, making it a medium-sized fund in its class.
The majority of the fund’s money is invested in the financial, energy, technology, consumer staples and automotive sectors. It has less exposure to the financial and energy industries than other funds in the category.
UTI Nifty 50 Index Fund Performance
The past year’s direct growth returns on the UTI Nifty 50 Index Fund were 27.24%. It has generated 13.88% average yearly returns since its launch. Every four years, the fund doubles the amount invested in it.
The UTI Nifty 50 Index Fund Direct-Growth scheme can often generate returns, which is comparable to other funds in its category. Its capacity to manage losses in a declining market is below average.
UTI Nifty 50 Index Fund Returns
| Period | UTI Nifty 50 Index Fund | Category average |
|---|---|---|
| 1 month | -0.85% | -0.34% |
| 3 months | 9.8% | 9.48% |
| 6 months | 11.67% | 15.27% |
| 1 year | 27.9% | 42.07% |
| 3 years | 14.98% | 17.45% |
| 5 years | 18.33% | 19.23% |
UTI Nifty 50 Index Fund Top 5 Holdings
| Name | Sector | Instrument | Assets |
|---|---|---|---|
|
HDFC Bank Ltd.
|
Financial | Equity | 11.91% |
|
Reliance Industries Ltd.
|
Energy | Equity | 9.95% |
|
ICICI Bank Ltd.
|
Financial | Equity | 7.93% |
|
Infosys Ltd.
|
Technology | Equity | 5.32% |
|
Larsen & Toubro Ltd.
|
Construction | Equity | 3.90% |
UTI Nifty 50 Index Fund Suitability
If you plan to invest for 5years or longer, you may expect gains that outperform both the inflation rate and the returns on fixed-income options. However, you can expect your investment value to fluctuate along the way.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.