Rating: ★ ★ ★ ☆ ☆

UTI Nifty Index Fund-Direct Income Reinvestment

Others

  

Index Funds

NAV

35.427 + 0.1855

as on (03 Jul, 2020)

RETURNS

4.33 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.1 %

Benchmark

IISL Nifty 50 PR INR

Asset Size

2146.73 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

The principal investment objective of the scheme is to invest in stocks of companies comprising Nifty 50 Index and endeavor to achieve return equivalent to Nifty 50 Index by “passive” investment. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

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Fund manager

Kaushik Basu

(since 01 Jul, 2011)

Exit load

N / A

Minimum sip

₹ 500

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

HDFC Bank Ltd

10.54 %

Reliance Industries Ltd

9.22 %

Housing Development Finance Corp Ltd

7.46 %

Infosys Ltd

5.85 %

Sector Allocation

About the Scheme Type

Index Funds

Index Mutual Funds imitate the benchmark indices not just comprising the same securities but also in the same proportion.They track the composition of standard benchmark indices suchas Nifty 50 or Sensex and are passively managed – without any intervention from the fund manager. This also means that IndexMutual Fund scheme will perform in line with the benchmark index it’s tracking, replicating the returns at a minimal cost.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of UTI Asset Management Company Ltd

UTI Mutual Fund, India’s most trusted Wealth creators, always has the interest of its investors in its heart. UTI Mutual Fund has completed 50 years as India’s leading Financial service institution and was a sole vehicle of capital market investment for Indian Citizens till the early 90’s. The institution has shown great resilience and has grown from strength to strength overcoming economic turbulence and global turnarounds.

With assets under management across different businesses including domestic mutual fund, Portfolio Management Services, International business, Retirement Solutions, Venture Funds and Alternative Investment assets, UTI Mutual Fund has contributed immensely to industrial and capital growth in the Indian market. It has led transformative initiatives like developmental financial institutions, rural outreach programs and financial products and services.

UTI Mutual Fund is today a household name in India and has a wide portfolio to suit the varied needs of investors supported by industry-led best practices, long-term vision, and shareholder values. With 150 branches, 47,000 highly trained IFAs, 320 Chief Agents and Business Development Associates and over 1 crore investor accounts, UTI Mutual Fund is one of the leading financial institutions with a pan Indian presence. We, at UTI Mutual Fund, are committed to continuing our legacy of delivering best in class services with a focus on social responsibility and nation-building.