UTI Nifty 500 Value 50 Index Fund NFO Review

UTI Nifty 500 Value 50 Index Fund NFO

Updated on 17 Oct, 2023

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UTI Mutual Fund has launched a new index fund, UTI Nifty 500 Value 50 Index Fund, that seeks to track the Nifty 500 Value 50 Index closely and aims to achieve returns of the index, subject to tracking errors.

The New Fund Offer (NFO) period for the UTI Nifty 500 Value 50 Index Fund is from 26th April 2023 to 8th May 2023. The scheme re-opens for continuous repurchase and sale from 12th May 2023.

Investment Objective: To provide returns that, before expenses, correspond to the total return of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

UTI Nifty 500 Value 50 Index Fund

Fund Name	UTI Nifty 500 Value 50 Index Fund
NFO Opening Date	26th April 2023
NFO Closing Date	8th May 2023
Re-open Date	12th May 2023
Type of Fund	Index Fund
Fund Manager	Mr Sharwan Kumar Goyal
Minimum Investment Amount	INR 5,000
Minimum Additional Purchase Amount	INR 1,000
Exit Load	Nil
Suitability	Very High Risk
Benchmark	Nifty 500 Value 50 TRI
Plans and Options	Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option

NOTE:

All additional investment amounts should be multiple of INR 1/-
Minimum SIP/SWP/STP for monthly frequency is INR 500/-

Who Can Invest in UTI Nifty 500 Value 50 Index Fund NFO?

UTI Nifty 500 Value 50 Index Fund is an index fund that invests in companies that form part of the Nifty 500 Value 50 index. The index comprises 50 companies from the Nifty 500 index. The stocks are selected based on their ‘value scores’. The value score for every company is established by taking into account its Earnings to Price ratio (E/P), Book Value to Price ratio (B/P), Sales to Price ratio (S/P), and Dividend Yield. To determine the weight of each stock in the index, a combination of the stock’s composite value score and its free float market capitalization is considered.

Therefore, investors seeking exposure to an equity scheme and having high-risk tolerance levels can consider investing in the scheme. Also, investors must be well aware of the associated risks. This index fund requires a minimum investment horizon of 5 years or more.

Fund Manager

Mr Sharwan Kumar Goyal

Mr Sharwan Goyal is Fund Manager and Head of the Passive, Arbitrage and Quant strategies at UTI AMC. He has more than 16 years of experience in Risk Management, Equity Research, Portfolio Analysis and Fund Management at the fund house. He holds the CFA Charter from CFA Institute, USA and also holds a Masters in Management Studies (MMS) from Welingkar Institute of Management, Mumbai.

Popular Funds by UTI Mutual Fund

Asset Allocation

Types of Instruments	Minimum Allocation	Maximum Allocation	Risk Profile
Securities covered by Nifty 500 Value 50 Index	95%	100%	Medium to High
Debt / Money Market instruments including Triparty Repo on Government Securities or treasury bill and units of Liquid Mutual Fund	0%	5%	Low

Other Index Mutual Funds

Frequently Asked Questions

How Can I Invest in the UTI Nifty 500 Value 50 Index Fund?

You can invest in the UTI Nifty 500 Value 50 Index Fund through any of the following methods:
Offline: By filling out the UTI NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or UTI mutual fund office.
Online:
UTI Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent

Is UTI Nifty 500 Value 50 Index Fund risky?

Yes, it is a very high-risk investment based on the riskometer. UTI Nifty 500 Value 50 Index Fund is an index fund that closely tracks the Nifty 500 Value 50 Index. The Value 50 index comprises 50 companies from the Nifty 500 index. The stocks are selected based on their ‘value scores’ which are determined based on the Earnings to Price ratio (E/P), Book Value to Price ratio (B/P), Sales to Price ratio (S/P), and Dividend Yield.

Is there a lock-in period for UTI Nifty 500 Value 50 Index Fund?

No, the UTI Nifty 500 Value 50 Index Fund has no lock-in period.

When will the scheme open for ongoing subscriptions, switches and redemptions?

The UTI Nifty 500 Value 50 Index Fund scheme re-opens for ongoing subscriptions, switches and redemptions from 12th May 2023.