UTI Nifty IT ETF (G)

UTI Nifty IT ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty IT TR INR. UTI Nifty IT ETF (G) is managed by the UTI Asset Management Co Ltd with the fund managers being Ayush Jain, Sharwan Kumar Goyal. The UTI Nifty IT ETF (G) was launched on Jan 25, 2024 with no lock-in period. Since its inception, the fund has delivered -8.1% as a return on investment. The fund has delivered a 1-year return of null%, a 3-year return of null%, and a 5-year return of null%.

As on 25 Apr, 2024 the NAV of the fund is Rs 335.60 and the AUM is Rs 6.02 crores. The fund charges an expense ratio of 0.2% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty IT TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The UTI Nifty IT ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of UTI Nifty IT ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.