• Mutual Funds
  • UTI Mutual Fund
  • UTI Nifty Index Fund (Growth)

Formerly UTI Nifty Gr

UTI Mutual Fund

UTI Nifty Index Fund (Growth)

EquityIndex Funds

Recommended

Top Ranked

117.2761

NAV (Jan 21)

17.1%
5 Year CAGR
Scripbox Opinion

Recommended

UTI Nifty Index Fund (Growth) is recommended for investment within index funds mutual funds.

Index funds funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fundLearn how we rate funds ->

Track Record

22 Years. The fund has an Extended history for analysis and the track record is excellent.

Relative Size

5,842 Cr. Large within the category

Category View

Superior. The category has a superior investment outlook

Consistency Of Performance

Good. The historical performance of the fund has been good

Invest in this fund
Invest in this fund as part of a scientific Scripbox plan. Explore the plan below.
Build Long Term Wealth

Build Long Term Wealth

Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

  • graph-icon-gray
    Historical growth rate of 12% per annum
  • graph-icon-gray
    Recommended Duration > 5 years
  • graph-icon-gray
    No Lock-in
  • graph-icon-gray
    Grow Wealth , Retirement , Kid's Education

No single fund can achieve what a plan can. Learn why

Historical NAV

117.2761

NAV (Jan 21)

Fund Returns

Last 1Y

21.8%

Last 3Y

18.1%

Last 5Y

17.1%

Last 10Y

14.1%

Since Inception

11.9%

6 Month CAGR

13%

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Scheme Information

Investment 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.

Expense Ratio

0.3

Launched (22y ago)

Mar 06, 2000

AUM in Crores

5841.001

ISIN

INF789F01JN2

Lock-in

No Lock-in

Benchmark

IISL Nifty 50 TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers
user-avatar

Sharwan Kumar Goyal

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

comparison

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record
SBI Focused Equity Fund (G)

₹ 23,716 cr

5

₹ 5,282 cr

5

₹ 5,841 cr

5

₹ 4,433 cr

5

₹ 3,651 cr

5

amc-icon

About the AMC

UTI Asset Management Company Ltd

UTI Asset Management Co Ltd manages assets worth 187,131 crores and was set up on 3 December 1993. It's current offering of mutual fund schemes includes 60 equity,485 debt and 34 hybrid funds.

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  • tel-amc-about
    022-62278000
  • mail-amc-about
    invest@utico.in
  • Fund NameScripbox Opinion
    Till Date CAGR

    18.1%

    11.9%

    18.1%

    11.9%

    18.1%

    11.9%

    4.6%

    6.9%

    4.3%

    7.2%

    growth

    Build Long Term Wealth

    Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Grow Wealth , Retirement , Kid's Education
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
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    Invesco India Growth Opportunities Fund (Growth)

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    Diversified

    UTI Nifty Index Fund- Growth is an open-ended index mutual fund scheme. The fund replicates and tracks the Nifty 50 Index by buying the same number of stocks and in the same proportion as they exist in the index. The scheme does not opt for exposure in any active sector or stock that is different from the chosen index. The index’s composition comprises of largest companies across different sectors, which are most liquid and lower company specific risk. UTI Nifty Index Fund – Growth has an added advantage of the lowest cost of operations in relation to the active management of funds. 

    The scheme is suitable for an investment horizon of a minimum of 5 years. An investor who is looking for market exposure in the equity asset class at a relatively cheaper cost should invest in the scheme. The fund aims to achieve its objective by investing in stocks of companies comprising the Nifty 50 Index. It achieves a return equivalent to the Nifty 50 index by adopting the strategy of passive investment and fund management.

    The fund provides capital appreciation and wealth creation over the long term. UTI Mutual Fund manages the fund.  Mr. Sharwan Kumar Goyal is the fund manager of the fund. UTI Nifty Index Fund- Growth was previously known as UTI Nifty Gr.

    UTI Nifty Index Fund-  Growth Investment Objective

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

    An investor seeking to eliminate unsystematic risk w.r.t. any specific sector, industry, or company may invest in the scheme. The fund provides a market exposure in equity of top companies at a relatively lower cost. These funds are also an ideal option for investors who prefer earning foreseeable returns. The valuation of the index is dependent on the valuation of the underlying securities. Due to the nature of the fund, any change in the value of the underlying security has a direct and huge impact on the value of the index. Such funds have lower portfolio turnover, broader equity market exposure, and lower expense ratio.

    UTI Nifty Index Fund-  Growth Scheme Details

    On 6th March 2000, UTI Asset Management Co Ltd has launched the scheme. The scheme has been in existence for the past 21 years. It provides inflation-beating growth of capital over the investment horizon with passive management of funds and attempts to benchmark the Nifty 50 index.

    NAV and Returns – As of 1st July 2021, the NAV of the fund is Rs 104.05. The risk-o-meter of the fund is very high risk. With this risk level, the investor must understand that their principal amount invested is at very high risk. With the existence of 21 years, UTI Nifty Index Fund-  Growth has delivered a return of 11.6% since its inception.

    Minimum Investment – The fund requires a minimum SIP investment of Rs 1000 and a minimum lump sum investment of Rs 5000

    Expense Ratio and Exit Load – The expense ratio charged by the fund is 0.30%%. This expense ratio is similar to the expense ratio charged by other AMCs for similar funds. The fund does not charge an exit load on the redemption of units. 

    Fund Manager – The fund is being managed by Mr. Sharwan Kumar Goyal. Mr. Sharwan Kumar Goyal has been managing the fund since July 2018. He is the Vice President of UTI Mutual Funds. Currently, he also manages the domestic Equity Division of UTI Asset Management Company Ltd. is the assistant fund manager for equity investments. He holds an experience of over 11 years in risk management, equity research, and portfolio analysis. He has completed his Post-graduate in Management (MMS) from Welingkar Institute of Management Development & Research, Mumbai. Additionally, he is a Chartered Financial Analyst, CFA, US. 

    Other Details – No lock-in period for the scheme and hence you can redeem your investment anytime. As of 1st July 2021, UTI Nifty Index Fund-  Growth the fund has an asset under management AUM of Rs 4,022 cr. The fund benchmarks to IISL Nifty 50 TR INR. This fund is suitable for an investment horizon of 10-15 years and preferably a minimum duration of 5 years. The scheme had a portfolio composition of 85.2% in growth, 9.10% in blend, and 5.70% in value. The top 3 stock holdings are Reliance Industries Limited SHS dematerialized, Hdfc Bank Limited, and Infosys Limited. As of 1st July 2021, the fund holds an investment of 67% in Financial Services, Technology, and Energy.

    1 Year Return51.90%
    3 Years Return14.50%
    5 Years Return14.50%
    10 Years Return11.50%
    Returns Updated as of 1st July 2021

    UTI Nifty Index Fund- Growth Top Stock Holdings

    The UTI Nifty Index Fund-  Growth has invested its assets majorly in the stocks of the following companies:

    CompanyPercentage of Holding (As of 1st July 2021)
    Reliance Industries Limited SHS Dematerialized10.40%
    Hdfc Bank Limited9.80%
    Infosys Limited7.70%
    ICICI Bank Limited6.80%
    Housing Development Finance Corp Limited6.80%
    Tata Consultancy Services Limited4.80%
    Kotak Mahindra Bank Limited3.90%
    Hindustan Unilever Limited3.10%
    Axis Bank Limited2.80%
    ITC Limited2.80%
    Larsen & Toubro Limited SHS Dematerialised2.60%

    Asset Allocation of UTI Nifty Index Fund-  Growth

    The UTI Nifty Index Fund-  Growth has invested in the following  sectors:

    SectorPercentage of Holding (As of 1st July 2021)
    Financial Services38%
    Technology16.10%
    Energy12.50%
    Basic Materials8.30%
    Consumer Defensive8%
    Consumer Cyclical6.30%
    Healthcare3.50%
    Industrials3.50%
    Communication Services1.90%
    Utilities1.60%

    UTI Nifty Index Fund- Growth Review

    Scripbox recommends UTI Nifty Index Fund- Growth for investment within an index mutual fund category. Index funds construct a portfolio to match the index of the market and benchmarks to such a stock index. Index mutual funds provide returns similar to their benchmark and inflation-beating growth and capital appreciation. An investor who is looking for a long-term investment with the goal of wealth creation like retirement planning may prefer the fund. Moreover, the recommended investment duration is 10-15 years or longer (minimum 5 years).

    1. The fund has an extended history of 21 years for analysis. Track record is excellent.
    2. With an AUM or relative size of Rs 4,022 cr, the fund is a large-size scheme within its category of index funds.
    3. The category has a superior investment outlook

    How Scripbox Algorithmically Selects Mutual Funds?

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    Once we select an asset class, our algorithm goes to work to select the best financial products.

    The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:

    • Track record of the product – how long has it been around?
    • Assets under management – how big is it – for example, the size of a mutual fund
    • Liquidity – how easy is it to move in or out of the product?
    • Consistency of performance – how much have the returns fluctuated?
    • The risk associated with the product – what risks impact the product?
    • Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds

    With such a scientific and detailed approach Scripbox ensures:

    • Bias free product selection – commissions don’t sway our decisions
    • Minimal human intervention and thus minimal impact of emotions and behavioral biases
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    Our investment product selection science helps us help you, without biases clouding the evaluation.

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