NRI from all over the world (including U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

UTI Nifty50 Equal Weight Index Fund Growth for NRI [14.11]

Min Investment

5,000

Fund Size

72.39 Cr

Expense Ratio

1.0%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

14.11

0.70%

NAV as on 14 Jul 24, 12:00 AM

very high risk

index funds

equity

NAV as on 14 Jul 24, 12:00 AM

very high risk

index funds

equity

36.51%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

35.21%p.a.

Since Inception

About UTI Nifty50 Equal Weight Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the UTI Nifty50 Equal Weight 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 2023, UTI Nifty50 Equal Weight Index Fund Growth is Index Funds fund of its category with 72.39 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • UTI Nifty50 Equal Weight Index Fund Growth delivered 36.5% annual returns during the last year. It has delivered 35.2% average annual returns since the fund was launched.
  • UTI Nifty50 Equal Weight 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 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.

Top 10 Holdings

Reliance Industries Ltd

2.14%

UltraTech Cement Ltd

2.14%

Grasim Industries Ltd

2.11%

Dr Reddy's Laboratories Ltd

2.09%

LTIMindtree Ltd

2.09%

NTPC Ltd

2.08%

Tata Motors Ltd

2.06%

Wipro Ltd

2.06%

Oil & Natural Gas Corp Ltd

2.04%

Bharat Petroleum Corp Ltd

2.04%

Fund Managers

  1. Sharwan Kumar Goyal (Jun 2023 - Present)
  2. Ayush Jain (Jun 2023 - Present)

Key Information

View Scheme Document

UTI Nifty50 Equal Weight Index Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on UTI Nifty50 Equal Weight Index Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in UTI Nifty50 Equal Weight 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 Nifty50 Equal Weight 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

Frequently Asked Questions