Question 1

How to invest in UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

Kuvera makes mutual fund investments simpler and faster. To invest in UTI Nifty Next 50 Index Growth Direct Plan, login to Kuvera and search for UTI Nifty Next 50 Index Growth Direct Plan. You can also go to "Invest", select "All Mutual Funds" and scroll to UTI Nifty Next 50 Index Growth Direct Plan. Click on this to check details on the fund's performance and fundamentals. Depending on your risk appetite and investment objective, select either the Monthly SIP or One time (Lump sum investment) option and complete the investment process.

Question 2

What kind of returns has UTI Nifty Next 50 Index Growth Direct Plan provided?

Accepted Answer

UTI Nifty Next 50 Index Growth Direct Plan has given 65.4% over the last 1 year , 23.5% over the last 3 years, 18.7% over the last 5 years and 15.8% since its inception.

Question 3

What is the minimum SIP amount of UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

Minimum SIP amount required for UTI Nifty Next 50 Index Growth Direct Plan is INR 500.

Question 4

What is the minimum lump sum amount required to invest in UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

Minimum lump sum amount required for UTI Nifty Next 50 Index Growth Direct Plan is INR 5000.

Question 5

How to start UTI Nifty Next 50 Index Growth Direct Plan SIP online?

Accepted Answer

Create an account on Kuvera to invest in over 5000 direct mutual funds from the leading AMCs in India. To start an SIP for UTI Nifty Next 50 Index Growth Direct Plan online, follow the steps given below:

Step 1: Login to Kuvera and click on Invest and then select Mutual Funds.

Step 2: Search by name, or scroll to UTI Nifty Next 50 Index Growth Direct Plan and click on it.

Step 3: Choose Monthly SIP and enter the SIP amount and date for every month.

Step 4: Complete the fund transfer and you are done!

You can explore SIP, STP and SWP tabs in your cart to see all the funds that have existing SIPs.

Question 6

How to redeem UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

Redeeming mutual funds on Kuvera is fast and hassle-free. To redeem UTI Nifty Next 50 Index Growth Direct Plan, just go to your portfolio on the Kuvera app or website, click on the "Redeem" option under UTI Nifty Next 50 Index Growth Direct Plan, enter your desired amount, or check the "Yes" next to Redeem all units if you want to redeem your entire holding.

Question 7

Can I invest in SIP and Lump sum of UTI Nifty Next 50 Index Growth Direct Plan IDCW?

Accepted Answer

Yes, you can invest in UTI Nifty Next 50 Index Growth Direct Plan IDCW on Kuvera through SIP and Lump sum options. Follow these steps to get started :

On Kuvera app :

Step 1: Login and click on Invest and All Mutual Funds.

Step 2: Click on Filter, select "Plan" type as "Dividend". You will see the IDCW plans.

Step 3: Select UTI Nifty Next 50 Index Growth Direct Plan and choose Monthly SIP or One Time investment options.

On Kuvera website

Step 1: Login and click on Invest on the home screen, select Mutual Funds.

Step 2:Turn the toggle from "Growth" to "Dividend" and you will see the results of all the IDCW plans.

Step 3: Select UTI Nifty Next 50 Index Growth Direct Plan and choose Monthly SIP or One Time (Lump sum) investment options.

Question 8

How to start UTI Nifty Next 50 Index Growth Direct Plan SIP online?

Accepted Answer

Create an account on Kuvera to invest in over 5000 direct mutual funds from the leading AMCs in India. To start an SIP for UTI Nifty Next 50 Index Growth Direct Plan online, follow the steps given below:

Step 1: Login to Kuvera and click on Invest and then select Mutual Funds.

Step 2: Search by name, or scroll to UTI Nifty Next 50 Index Growth Direct Plan and click on it.

Step 3: Choose Monthly SIP and enter the SIP amount and date for every month.

Step 4: Complete the fund transfer and you are done!

You can explore SIP, STP and SWP tabs in your cart to see all the funds that have existing SIPs.

Question 9

What is the expense ratio of UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

Expense ratio is the amount (in percentage) which is charged by the mutual fund as a fee for managing your investment. Expense ratio of UTI Nifty Next 50 Index Growth Direct Plan is 0.35% as on 27/04/2024.

Question 10

What is the NAV of UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

NAV is the market value of the securities/assets held by the mutual fund divided by the total number of units issued by it. In simple terms, it is the price of a unit of the mutual fund. NAV of UTI Nifty Next 50 Index Growth Direct Plan is INR 23.35 as on 26/04/2024.

Question 11

What is the total asset under management of UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

UTI Nifty Next 50 Index Growth Direct Plan has assets under management worth INR 3529 Cr.

Question 12

What is risk category of the UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

As per SEBI regulations, all mutual funds should indicate the level of risk involved with investing in the mutual fund. There are five levels of risk (a) Low: Principal at low risk, (b) Moderately Low: Principal at moderately low risk, (c) Moderate: Principal at moderate risk, (d) Moderately High: Principal at moderately high risk, (e) High: Principal at high risk. Risk category of UTI Nifty Next 50 Index Growth Direct Plan is Very High Risk.

Question 13

What are the top holdings of UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

The top 10 holdings of the UTI Nifty Next 50 Index Growth Direct Plan as on 27/04/2024 are Trent Ltd at 4.79%, Bharat Electronics Ltd at 3.98%, Tata Power Co Ltd at 3.68%, Hindustan Aeronautics Ltd Ordinary Shares at 3.43%, Indian Oil Corp Ltd at 3.39%, DLF Ltd at 3.18%, Power Finance Corp Ltd at 3.12%, REC Ltd at 3.08%, InterGlobe Aviation Ltd at 2.79%, TVS Motor Co Ltd at 2.76% .

Question 14

How will the gains from the UTI Nifty Next 50 Index Growth Direct Plan be taxed?

Accepted Answer

UTI Nifty Next 50 Index Growth Direct Plan is a debt mutual fund and the capital gains made from it are taxed at the rate of 20% for long term gains (if you hold your units for 3 years or more), along with indexation benefits and for short terms gains (if you hold your units for less than 3 year) as per your income tax slab.

Question 15

What is the investment objective of UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

Investment objective of the UTI Nifty Next 50 Index Growth Direct Plan:

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.

Question 16

What is the category of the UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

The category of the UTI Nifty Next 50 Index Growth Direct Plan is Index Funds.

Question 17

Who is the fund manager of UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

UTI Nifty Next 50 Index Growth Direct Plan is managed by Sharwan Kumar Goyal and Ayush Jain as on 27/04/2024.

Question 18

What is the exit load for UTI Nifty Next 50 Index Growth Direct Plan?

Accepted Answer

Exit load is the fee/penalty which some of the mutual funds charge in case an investor decides to sell his/her mutual fund units within the exit load window. Exit load for UTI Nifty Next 50 Index Growth Direct Plan is

No exit load.

UTI Nifty Next 50 Index Growth Direct Plan

UTI Nifty Next 50 Index Growth Direct Plan

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