UTI Nifty Next 50 Index Fund Regular Growth

• Alpha -0.90%
• Beta 1.00
• Sharpe Ratio0.78
• Std Deviation 17.02%
• 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 6009.74 crores & has delivered CAGR of 15.06% 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 Vedanta, Hindustan Aeronautics, TVS Motor Company & Divi's Laboratories.

The major sectors where the fund is invested are Electric Utilities, Consumer Financial Services, Regional Banks & Metal Mining.

Some of the similar funds are ICICI Prudential Nifty Next 50 Index Fund Growth, UTI Nifty Next 50 Index Fund Regular Growth, UTI Nifty200 Momentum 30 Index Fund Regular Growth, 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 0.78 & a standard deviation of 17.02%.