VR Logo

Unrated

UTI Nifty Bank Exchange Traded Fund download report


1 Lakh

Investment declined to
₹ 0.98 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.12 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
UTI Nifty Bank ETF-G -3.88 1.20 0.38 -3.71 -11.69 -7.42 -2.00 -- -- -- --
S&P BSE Bankex TRI -2.90 1.08 0.40 -3.94 -10.96 -6.54 -0.44 -- -- -- --
Equity: Sectoral-Banking -5.48 1.21 0.58 -3.55 -11.93 -8.68 -3.84 -- -- -- --
Rank within category 5 11 23 17 10 5 5 -- -- -- --
Number of funds in category 31 33 33 33 33 31 29 18 17 15 10

As on 04-Jul-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Nifty Bank Exchange Traded Fund
Unrated
Sep-20 -2.00 -- -- 0.15% 40
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -5.50 5.51 10.09 1.94% 3,237
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 -3.75 6.01 7.61 2.72% 513
Nippon India ETF Nifty Bank BeES  | Invest Online
Unrated
May-04 -2.05 2.26 7.81 0.19% 9,431
Kotak Nifty Bank ETF Fund  | Invest Online
Unrated
Dec-14 -2.07 2.23 7.76 0.18% 6,763

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 16.65 29-Jan-2021 - 05-Feb-2021 -9.21 28-Feb-2022 - 07-Mar-2022
Month 24.74 30-Oct-2020 - 01-Dec-2020 -15.27 04-Feb-2022 - 07-Mar-2022
Quarter 48.57 24-Sep-2020 - 24-Dec-2020 -13.80 10-Feb-2022 - 12-May-2022
Year 85.31 24-Sep-2020 - 24-Sep-2021 -6.52 05-Mar-2021 - 07-Mar-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
UTI Nifty Bank ETF-G -- -- -- -- -- --
S&P BSE Bankex TRI* 9.20 32.84 0.17 0.22 -- --
Equity: Sectoral-Banking* 7.20 32.77 0.12 0.14 0.96 -1.75
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Jun-2022

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 97.70
Top 5 Stocks (%) 84.69
Top 3 Sectors (%) 99.53
Portfolio P/B Ratio 2.06
Portfolio P/E Ratio 17.68

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,43,828 2,55,966
Giant (%) 85.09 73.45
Large (%) 9.03 12.30
Mid (%) 5.88 11.83
Small (%) -- 4.70
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 19.74 30.15 26.06 27.45
down ICICI Bank Financial 19.93 23.60 18.63 23.60
down Kotak Mahindra Bank Financial 27.31 16.31 11.21 12.24
down State Bank of India Financial 11.91 13.89 9.56 10.76
down Axis Bank Financial 14.11 16.59 10.64 10.64
down Indusind Bank Financial 13.29 6.00 4.37 5.37
down AU Small Finance Bank Financial 31.08 2.75 0.00 2.45
down Bandhan Bank Financial 349.96 2.75 1.49 1.96
down Bank of Baroda Financial 6.50 1.84 0.00 1.66
down The Federal Bank Financial 10.10 1.94 1.30 1.57
down IDFC First Bank Financial 157.23 1.54 0.77 1.00
down Punjab National Bank Financial 8.47 1.18 0.46 0.83

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2022

Fund Manager

— Sharwan Kumar Goyal since 31-Aug-2020

Education: Mr.Goyal is B.Com, CFA and MMS.

Experience: He began his career with UTI in June 2006 and has 15 years of overall experience in Risk / Fund management. Presently he is working as Equity Fund Manager.

Funds Managed:

— Ayush Jain since 02-May-2022

Education: Mr. Jain is B.Com, C.A and CFA (level 1).

Experience: Prior to joining UTI Mutual Fund, he has worked with PMS and Anand Saklecha & Co..

Funds Managed:


-0.37%

Change from previous, NAV as on 05-Jul-2022

Growth: ₹ 34.0314


Investment Strategy

The scheme seeks to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) --
Min. SIP Investment (₹) --
Min. No of Cheques --
Min. Withdrawal (₹) --
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 01-Sep-2020
Return Since Launch: 22.54%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 40 Cr (As on 31-May-2022)
Expense: 0.15% (As on 31-Mar-2022)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: UTI Asset Management Company Ltd

Address: 1st Floor, Signature, Office No.103 Valsad Dharampur Road Mumbai - 396001

Phone: 0263 2296993

Fax: (0260) 2421315

Website: http://www.utimf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

All about nominations in mutual funds

DateFri, 08-Jul-2022
Time12:30 PM - 12:40 PM

attending You have reserved a spot