UTI Nifty Next 50 Index Fund Regular Growth
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- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Index Funds|
More about this fund
|SBI Life Insurance Co Ltd||4.71%|
|HDFC Life Insurance Co Ltd||4.49%|
|Shree Cement Ltd||3.94%|
|Dabur India Ltd||3.59%|
|ICICI Lombard General Insurance Co Ltd||3.38%|
|Godrej Consumer Products Ltd||3.26%|
|Divi's Laboratories Ltd||3.19%|
|Avenue Supermarts Ltd||3.09%|
|Pidilite Industries Ltd||2.95%|
|Petronet LNG Ltd||2.56%|
About UTI Nifty Next 50 Index
Being an open ended scheme, it invests in equity shares of companies in the same proportion as they exist in the underlying index i.e. Nifty Next 50 Index. The fund manager tries to achieve returns which closely correspond to the total returns delivered by the underlying index. Efforts are made to reduce the tracking error i.e. the differential between the fund returns and the index returns. However, the fund does not guarantee any assured returns due to presence of market risks.
Pros & Cons of UTI Nifty Next 50 Index
UTI Nifty Next 50 Index offers the following benefits: 1. Opportunity of long term wealth creation by investing passively managed fund. 2. Fund manager maintains a well-diversified portfolio comprising of more sectors than Nifty 50. 3. Being a relatively new fund in the category, it needs time to prove its full potential. However, it was unable to contain losses as compared to the benchmark in the past 3 month time period.
Fund Information and Statistics of UTI Nifty Next 50 Index
i) Inception / Launch date
UTI Nifty Next 50 Index was launched on 22 June 2018 by UTI Mutual Fund.
ii) Risk level
Being a large-cap index fund, UTI Nifty Next 50 Index is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Sharwan Kumar Goyal and Mr. Kaushik Basu are jointly managing the fund. Mr. Goyal, who holds 11 years of experience in Risk Management, Equity Research and Portfolio Analysis, has been managing the UTI Nifty Next 50 Index fund since July 2018. Mr. Basu, who holds 11 years of experience in domestic equity market, has been managing the fund since June 2018.
v) Entry / Exit load
There is no entry load in this scheme. The fund house does not charge any entry load and exit load for investing in UTI Nifty Next 50 Index fund.
Tax benefits of investing in UTI Nifty Next 50 Index
The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About UTI Mutual Fund
UTI Mutual Fundis one of the oldest Mutual Funds in India. Over the years, it has been consistent in delivering good returns to investors. It offers a wide range of schemes catering to both debt and equity segments. The fund house endeavors to offer investment solutions which match the risk-return profile of different clients.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns