UTI Nifty Index Fund Regular Plan Growth
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Min amount: ₹500
- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Index Funds|
More about this fund
|Reliance Industries Ltd||15.03%|
|HDFC Bank Ltd||9.76%|
|Housing Development Finance Corp Ltd||6.49%|
|Tata Consultancy Services Ltd||5.45%|
|ICICI Bank Ltd||5.09%|
|Kotak Mahindra Bank Ltd||3.86%|
|Hindustan Unilever Ltd||3.84%|
|Larsen & Toubro Ltd||2.29%|
About UTI Nifty Index Fund
Being an open-ended scheme, it aims to replicate the underlying index of Nifty 50. The fund manager seeks to minimize the difference between the fund returns and the underlying index i.e. referred to as tracking error. Investors who want to take equity exposure at a cheaper cost coupled with elimination of firm-related risk may invest in this fund.
Pros & Cons of UTI Nifty Index Fund
UTI Nifty Index Fund offers the following benefits:
- Opportunity to grow wealth investing in the fast growing companies in the Nifty index.
- Fund manager maintains a well-diversified portfolio across different sectors.
- Being a star-rated fund in the category, it has a relatively long performance history. However, it was unable to beat the benchmark and category across different time horizons.
Fund Information and Statistics of UTI Nifty Index Fund
i) Inception / Launch date
UTI Nifty Index Fund was launched on 6 March 2000 by UTI Mutual Fund.
ii) Risk level
Being an index fund, UTI Nifty Index Fund 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. Kaushik Basu and Mr. Sharwan Kumar Goyal are jointly managing the fund since July 2011 and July 2018 respectively. Mr. Goyal is overlooking the overseas investments.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in UTI Nifty Index Fund.
Tax benefits of investing in UTI Nifty Index Fund
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 Funds are managed by UTI Asset Management Company Ltd. (UTI AMC). The AMC was established on November 14, 2002 and started functioning in the investment domain from February 1, 2003. The fund attempts to provide an effective combination of the domain leadership in the capital markets coupled with state-of-the-art technological expertise. Efforts are made to offer investing solution which match the risk-return needs of the clients.
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Min amount: ₹500
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