NRI from all over the world (including U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹23.07
0.64%
NAV as on 30 Apr 24, 12:00 AM
very high risk
index funds
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
index funds
equity
63.96%p.a.
Last 1Y
23.10%p.a.
Last 3Y
18.53%p.a.
Last 5Y
14.28%p.a.
Since Inception
About UTI Nifty Next 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the UTI Nifty Next 50 Index Fund Growth scheme from UTI Asset Management Co Ltd. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Jun 2018, UTI Nifty Next 50 Index Fund Growth is Index Funds fund of its category with 3,528.82 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- UTI Nifty Next 50 Index Fund Growth delivered 64.0% annual returns during the last year. It has delivered 14.3% average annual returns since the fund was launched.
- UTI Nifty Next 50 Index Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
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.
Top 10 Holdings
Trent Ltd
4.79%
Bharat Electronics Ltd
3.98%
Tata Power Co Ltd
3.68%
Hindustan Aeronautics Ltd Ordinary Shares
3.43%
Indian Oil Corp Ltd
3.39%
DLF Ltd
3.18%
Power Finance Corp Ltd
3.12%
REC Ltd
3.08%
InterGlobe Aviation Ltd
2.79%
TVS Motor Co Ltd
2.76%
Fund Managers
- Sharwan Kumar Goyal (Aug 2018 - Present)
- Ayush Jain (May 2022 - Present)
Key Information
View Scheme Document
UTI Nifty Next 50 Index Fund Growth SIP Calculator
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NRI Mutual Fund Tax on UTI Nifty Next 50 Index Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in UTI Nifty Next 50 Index Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in UTI Nifty Next 50 Index Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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