UTI Nifty Next 50 Index Fund Regular Growth

• Alpha -0.90%
• Beta 1.00
• Sharpe Ratio0.93
• Std Deviation 16.86%
• Tracking Error 0.15%

The principal investment objective of the scheme is to invest in stocks of companies comprising the underlying index and endeavor to achieve return equivalent to underlying index by “passive” investment. The scheme will be managed by replicating the index in the same weightages in the underlying Index with the intention of minimizing the performance differences between the scheme and the underlying Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error. The scheme would alter the scripts/weights as and when the same are altered in the underlying index.

The UTI Nifty Next 50 Index Fund Regular Growth has an AUM of 4973.79 crores & has delivered CAGR of 23.16% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.80%. The minimum investment in UTI Nifty Next 50 Index Fund Regular Growth is Rs 1000 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include Trent, Bharat Electronics, Hindustan Aeronautics & Interglobe Aviation.

The major sectors where the fund is invested are Aerospace & Defense, Personal & Household Prods., Consumer Financial Services & Retail (Apparel).

Some of the similar funds are ICICI Prudential Nifty Next 50 Index Fund Growth, UTI Nifty Next 50 Index Fund Regular Growth, HDFC Index BSE Sensex, Navi Nifty 50 Index Fund Regular Growth, Motilal Oswal Nifty India Defence Index Fund Regular Growth. UTI Nifty Next 50 Index Fund Regular Growth has a sharpe ratio of 0.93 & a standard deviation of 16.86%.