Table of Contents
Is UTI Nifty 50 Index Fund good?
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.
What is UTI index fund?
UTI Nifty Index Fund is an open-ended index fund scheme replicating/tracking the Nifty 50 Index. It is one of the largest index fund having competitive cost and tracking error. The scheme envisage to replicate the performance of Nifty 50 Index subject to tracking error.
What is the return of UTI index fund?
Returns (NAV as on 27th December, 2021)
| Period Invested for | ₹10000 Invested on | Annualised Returns |
|---|---|---|
| YTD | 01-Jan-21 | – |
| 1 Year | 24-Dec-20 | 25.13\% |
| 2 Year | 27-Dec-19 | 18.92\% |
| 3 Year | 27-Dec-18 | 17.55\% |
Is UTI index fund tax free?
When you invest in UTI MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income.
What would be the exit load if redemption from UTI Nifty next 50 Index Fund is made within three months?
Scheme Details
| ETMONEY Commission: Nil | Expense ratio:0.32\% As on Oct 31, 2021 |
|---|---|
| Exit Load:0\% | AUM (Fund Size): ₹ 1,398 Crs |
| Lock-in: No Lockin | Last Doubled In: 1 yrs 7 m |
| Age: 3 yrs 5 m Since Jun 08, 2018 | Benchmark: Nifty Next 50 TRI |
| Min. Investment: SIP ₹500 & Lumpsum ₹5000 | 2Value Research Rating |
Should I invest in HDFC Nifty or UTI Nifty?
Invest across various asset classes including real estate and litigation financing. Only 5K to start. Basically Nifty as a index has 50 stocks so wether you choose UTI or HDFC both will invest in Nifty because as a index fund they invest in the same manner as Nifty is having weightage of those 50 stocks..
What is UTI Nifty index fund?
* UTI Nifty Index Fund is an open-ended Index Fund scheme replicating/tracking the Nifty 50 Index. *The scheme consist of top 50 largest companies by its free-float market capitalization. *Size i.e. Asset Under Management, Cost i.e. Total Expense Ratio and Performance i.e. Tracking Error are three critical parameters while selecting an Index Fund.
What is the difference between NIFTY50 and next50 index funds?
It is not an equal distribution of weightages between Nifty and Next 50 in the combined index Nifty 100. So if instead of separately investing in both Nifty50 and Next50 index funds, you decide to go with Nifty 100 index funds, then it actually means that you are investing about 85\% in Nifty50 and only 15\% in Nifty Next 50.
What is the difference between HDFC index fund and Uti fund?
An index fund moves in relation to the particular index that it is linked against. UTI fund is benchmarked against Nifty50 index and HDFC fund is to Sensex30. This means that their performance will move along with how Nifty or Sensex perform.