UTI Sensex ETF
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|Risk||Moderately High risk|
More about this fund
|Reliance Industries Ltd||16.2%|
|HDFC Bank Ltd||10.83%|
|Housing Development Finance Corp Ltd||7.58%|
|Tata Consultancy Services Ltd||5.94%|
|ICICI Bank Ltd||5.51%|
|Hindustan Unilever Ltd||4.89%|
|Kotak Mahindra Bank Ltd||4.15%|
|Bharti Airtel Ltd||3.3%|
About UTI Sensex ETF
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. S&P BSE Sensex. 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 Sensex ETF
UTI Sensex ETF offers the following benefits:
- Opportunity to grow wealth by investing at real time NAV during trading hours
- The fund is suitable for investors who want to build their portfolio around passive investing
- Being a star-rated fund, it has beaten the benchmark and category in the 1 year and 3 year time horizon.
Fund Information and Statistics of UTI Sensex ETF
i) Inception / Launch date
UTI Sensex ETF was launched on 26 August 2015 by UTI Mutual Fund.
ii) Risk level
Being a large-cap index fund, UTI Sensex ETF is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
The units of the scheme can be sold in demat form on a recognised stock exchange at the real time NAVs prevailing on the said date. In other cases, the investors may redeem the units of the scheme directly with the fund house at NAV based prices. Under normal conditions, your fund house will dispatch the redemption proceeds within 5 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 Sensex ETF since July 2018. Mr. Basu, who holds 11 years of experience in domestic equity market, has been managing the fund since August 2015.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in UTI Sensex ETF.
Tax benefits of investing in UTI Sensex ETF
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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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