Investment type
UTI-Nifty Private Bank Index Fund - Direct (G) is a mutual fund under the Index Funds category, managed by UTI Mutual Fund. It was launched on 14 Nov 2002, and has been active for over 23 years. As of 31 Mar 2025 the fund manages assets worth ₹231 Crores. The expense ratio is 0.43%.
This fund generated returns of 0% in the last 1 year. Since its inception, it has provided an average annual return of 4.06%.
The fund's investments are mainly concentrated in sectors like Banks and Cash & Others.
The top five holdings in this fund include prominent companies such as ICICI Bank, HDFC Bank, Axis Bank, Kotak Mah. Bank and IndusInd Bank.
The Investment objective of the Scheme is to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Index funds are generally low-risk as they spread investments across an entire market index, reducing the impact of individual stock volatility.
Yes, if you’re looking for a low-cost way to invest in the market and are comfortable with moderate returns that match market trends.
Ideally, you should stay invested for the long term, as index funds perform best over extended periods.
Yes, index funds are open-ended, so you can withdraw at any time, but it's best to hold them long-term.
Index funds usually have low expense ratios due to passive management, often ranging from 0.1% to 0.5%.
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