UTI Nifty Index Fund Direct-Growth

The UTI Nifty Index Fund Direct Growth is a mutual fund that aims to replicate the performance of the Nifty 50 index, listed on the National Stock Exchange (NSE) in India. This direct growth variant of the fund is designed for investors seeking capital appreciation by closely tracking the Nifty index. This article will help you to understand the UTI Nifty Index Fund Direct-Growth in detail.

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About UTI Nifty Index Fund Direct-Growth

The UTI Nifty Index Fund Direct Growth is a direct growth option launched by UTI Mutual Fund House. The fund follows a passive investment strategy to generate returns that closely correspond to the total returns of the Nifty 50 Index. The fund manager of UTI Nifty Index Fund Direct Growth Plan tries to replicate the composition and performance of the Nifty 50 Index.

This index is composed of 50 large-cap stocks that represent various sectors of the Indian economy. It is one of the most widely followed equity indices in India and is known for its diversified and representative nature.

The UTI Nifty Index Fund Direct-Growth Plan allows you to invest directly in the scheme without involving intermediaries. This leads to a lower expense ratio and better returns compared to regular plans.

Overview of UTI Nifty Index Fund Direct-Growth

Particulars Details
Fund Name UTI Nifty Index Fund Direct-Growth
Fund House UTI Mutual Fund
Launched On 02 January 2013
Asset Under Management (AUM) Rs. 12,597.69 Crores
Benchmark Index Nifty 50 TRI
Risk Category Very High
Investment Objective
  • To put money into stocks of companies found in the Nifty 50 Index. 
  • The aim is to match the returns of the Nifty 50 Index through a passive investment approach.
Net Asset Value Rs. 135.45 (as of 20 November 2023)
Asset Allocation
  • Equity Holdings: 100.17%
  • Other Holdings: - 0.17%
Market Cap Allocation
  • Large Cap: 81.50%
  • Mid Cap: 2.70%
  • Smallcap:  0%
  • Other: 15.97%
Systematic Investment Plan (SIP)  Rs. 500
Lock- in NA
Fund Manager
  • Sharwan Kumar Goyal 
  • Ayush Jain
Expense Ratio 0.21% (as of 31 October 2023)
Exit Load NIL

Top Holdings of UTI Nifty Index Fund Direct-Growth

Name of  Holdings % of Total Holdings
Top 5 Equity Holdings (100.17%)
HDFC Bank Ltd. 13.26%
Reliance Industries Ltd. 9.26%
ICICI Bank Ltd. 7.67%
Infosys Ltd. 5.84%
ITC Limited 4.54%
Debt Holdings (- 0.17%)
Net Receivables - 0.17%

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Top 10 Sector Allocations of UTI Nifty Index Fund Direct-Growth

Sector % of Total Holdings
Financial 34.30%
Others 16.30%
Energy 13.80%
Technology 13.60%
Customer Staples 9.50%
Automobile 6.30%
Construction 6.20%

UTI Nifty Index Fund Direct-Growth Returns

Investment Period Annualised Returns (Direct)
1-Year 8.47%
3-Year 16.41%
5-Year 14.09%
10-Year 13.53%
Returns Since Inception (RSI) 12.54%

*Fund NAV as of 20 November 2023

Documents Required to Invest in UTI Nifty Index Fund Direct-Growth

To invest in UTI Nifty Index Fund Direct-Growth, you will typically need the following documents:

  • KYC (Know Your Customer) Documents:

    • Aadhaar card

    • Passport

    • Voter ID

    • Driving license

    • PAN (Permanent Account Number) card

  • Proof of Address:

    • Recent utility bills (electricity, water, gas)

    • Aadhaar card

    • Passport

    • Voter ID

    • Driving license

  • Bank Account Details:

    • Cancelled cheque

    • Copy of the passbook

  • Passport-size Photographs:

  • PAN Card:

  • Duly Filled Application Form:

  • Online Access Credentials (for online investments)

  • NRI/ OCI/ PIOs Documents

    • Valid Visa

    • Overseas Address Proof

    • NRE/ NRO Account Details

    • Valid NRI/ PIO Card

Steps to Invest in UTI Nifty Index Fund Direct-Growth

You can follow the steps mentioned below to start investing in SBI Contra Fund Regular Plan Growth:

Step 1- Research: Understand the fund's objectives, historical performance, and associated risks.

Step 2- KYC Compliance: Complete the Know Your Customer (KYC) process by submitting the necessary documents.

Step 3- Choose Platform: Select a reliable investment platform that offers UTI Nifty Index Fund Direct Growth.

Step 4- Login/Register: Create an account or log in to the chosen investment platform.

Step 5- Select Fund: Locate UTI Nifty Index Fund Direct-Growth and choose the investment amount.

Step 6- Provide Details: Enter personal and financial details as required.

Step 7- Payment: Make the investment payment using the available options on the platform.

Step 8- Confirmation: Once the transaction is complete, you'll receive a confirmation of your investment.

Step 9- Monitor: Keep track of your investment and market trends regularly.

Estimate UTI Nifty Index Fund Direct-Growth Returns with SIP Calculator

To invest in UTI Nifty Index Fund Direct-Growth through a Systematic Investment Plan (SIP), you can use two calculators to estimate potential returns:

  • SIP Calculator

  • Mutual Fund Calculator

The Policybazaar SIP calculator assists in predicting the future value of your investments. Simply enter the following details:

  • Monthly Contribution

  • Expected Rate of Return

  • Investment Period

By inserting these details, you can get an estimate of how much your investment in the SBI Contra Fund Regular Plan could grow over time.

FAQ's

  • Is the UTI Nifty Index Fund a good investment?

    UTI Nifty Index Fund is a good investment option for the following:
    • Having a long-term investment horizon

    • Are comfortable with moderate risk

    • Are you looking for a low-cost investment option

  • What is the return of the UTI Nifty Index Fund Direct Plan?

    The UTI Nifty Index Fund Direct Plan has consistently delivered positive returns over the long term. Here is a breakdown of its trailing returns over different periods:
    • 1 year: 8.47%

    • 3 years: 16.41%

    • 5 years: 14.09%

    • Since launch: 12.54%

  • Is it safe to invest in UTI?

    Investing in UTI mutual fund schemes is generally considered safe as these funds are regulated by the Securities and Exchange Board of India (SEBI). It can be a safe and rewarding investment option, provided you choose the right scheme for your risk profile and investment horizon. However, it is important to understand that mutual funds are market-linked instruments, and their returns fluctuate with the performance of the underlying securities.
  • Is UTI a government company?

    No, UTI is not a government company. However, the government holds a significant stake in the company. As of 31 March 2023, the government held a 74% stake in UTI Asset Management Company Limited (UTI AMC), the company that manages UTI mutual fund schemes. The remaining 26% of the company is held by T. Rowe Price Group Inc., an American financial services firm.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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