UTI Innovation Fund Direct - IDCW
Unrated
NAV as of Jan 14, 2025
11.641.73%
(Earn upto 1.42% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
0.87%(0.66% Category
average)Fund Size:
Rs. 872.68 Cr(0.45% of Investment in Category)
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UTI Innovation Fund Direct - IDCW
Unrated
NAV as of Jan 14, 2025
11.641.73%
Expense Ratio:
0.87%
Fund Size:
Rs. 872.68 Cr
Fund Category:
Equity: Thematic
UTI Innovation Fund Direct - IDCW Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the UTI Innovation Fund - Direct Plan as of Jan 14, 2025 is Rs 11.64 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 10.52% (1yr) and 15.54% (since launch). Whereas, Category returns for the same time duration are: 16.958904908247693% (1yr), 15.377173688762113% (3yr) and 20.65834434025517% (5yr).
3. Fund Size: The UTI Innovation Fund - Direct Plan currently holds Assets under Management worth of Rs 872.6809 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.85% for Direct plan as on Dec 31, 2024.
5. Exit Load: UTI Innovation Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 12 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
1. Current NAV: The Current Net Asset Value of the UTI Innovation Fund - Direct Plan as of Jan 14, 2025 is Rs 11.64 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 10.52% (1yr) and 15.54% (since launch). Whereas, Category returns for the same time duration are: 16.958904908247693% (1yr), 15.377173688762113% (3yr) and 20.65834434025517% (5yr).
3. Fund Size: The UTI Innovation Fund - Direct Plan currently holds Assets under Management worth of Rs 872.6809 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.85% for Direct plan as on Dec 31, 2024.
5. Exit Load: UTI Innovation Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 12 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
UTI Innovation Fund Direct - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -9.99 -10.57 -3.89 6.40 - - Category Avg -9.44 -11.61 -9.01 12.63 14.27 20.03 Rank within Category 70 36 16 45 - - No. of funds within Category 114 105 87 66 34 20 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 500 Total Return Index
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UTI Innovation Fund Direct - IDCW Fund Details
Investment Objective - The scheme seeks to provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments.
| Fund House | UTI Mutual Fund |
| Launch Date | Oct 13, 2023 |
| Benchmark | NIFTY 500 Total Return Index |
| Return Since Launch | 12.85% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
UTI Innovation Fund Direct - IDCW Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 1,000.00 |
| Exit Load Exit load of 1%, if redeemed within 12 months. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| DEC 2024 | NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 28 | 28 | 28 | 29 | 29 | 28 |
| Top 5 Company Holdings | 34.19% | 33.96% | 30.65% | 30.79% | 31.08% | 31.22% |
| Top 10 Company Holdings | 55.03% | 55.32% | 52.62% | 52.97% | 51.91% | 53.2% |
| Company with Highest Exposure | PB Fintech (8.26%) | Zomato (8.42%) | PB Fintech (6.99%) | Info Edge (India) (6.99%) | PB Fintech (7.19%) | Zomato (6.82%) |
| Number of Sectors | 8 | 7 | 7 | 7 | 7 | 6 |
| Top 3 Sector Holdings | 83.2% | 82.92% | 82.54% | 81.2% | 80.79% | 82.86% |
| Top 5 Sector Holdings | 90.15% | 90.04% | 89.82% | 90.87% | 90.29% | 93.06% |
| Sector with Highest Exposure | Services (42.99%) | Services (41.25%) | Services (39.03%) | Services (38.24%) | Services (38.47%) | Services (38.5%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Info Edge (India) Services 6.99 206.66 36.09 39.58 Zomato Services 6.87 - - - PB Fintech Services 6.4 - - - Praj Industries Capital Goods 5.3 54.01 13.41 37.79 FSN E-Commerce Ventures Services 5.23 - - - KPIT Technologies Technology 4.83 - - - Affle (India) Technology 4.79 - - - Indiamart Services 4.43 - - - CE Info Systems Technology 4.08 - - - RateGain Travel Technology 4.05 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y UTI Innovation Fund Direct - IDCW 11.64 Unrated 872.68 -9.99 6.40 - - Edelweiss Nifty 100 Quality 30 Index Fund Direct - IDCW 13.80 144.83 -6.31 8.63 11.63 - Axis India Manufacturing Fund Direct-IDCW 13.20 Unrated 5,958.01 -6.64 27.01 - - Tata Ethical Direct Plan-IDCW 237.17 Unrated 3,291.77 -6.78 9.80 9.42 19.51 Sundaram Business Cycle Fund Direct - IDCW 10.34 Unrated 1,601.81 -6.01 - - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- N.J.Nitin JainSince Oct 20241 schemes
- A.A.Ankit AgarwalSince Sep 20232 schemes
Mr. Jain holds a Bachelor of Engineering Degree and is also MMS. Has been associated with SBIMF since 2004. Earlier,he was with IDBI Capital Market Services Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y UTI Small Cap Fund Direct-IDCW Small Cap 26.82 4,722.21 17.73 Mr. Agarwal has done B. Tech. Computer Science and Engg., Economics Management, PGDM Finance. Prior to joining UTI Mutual Fund he has worked with Centrum Capital Ltd as Senior Vice President - Fund Manager, Wealth and Investment Management at Barclays as Asst Vice President, Lehman Brothers, London as Senior analyst, BNP Paribas and D. E. Shaw & Co..
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y UTI Small Cap Fund Direct-IDCW Small Cap 26.82 4,722.21 17.73 UTI Mid Cap Fund Direct-IDCW Mid Cap 155.48 11,996.94 15.33
More UTI Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| UTI Flexi Cap Fund Direct-Growth | 26,298.15 | -0.02 | -4.71 | 5.12 | 15.97 | 6.87 | |
| UTI Liquid Direct-Growth | 25,219.14 | 0.59 | 1.76 | 3.58 | 7.43 | 6.48 | |
| UTI Nifty 50 Index Fund Direct-Growth | 20,082.74 | -1.63 | -7.86 | -1.33 | 10.20 | 12.03 | |
| UTI Money Market Fund Direct-Growth | 16,371.64 | 0.65 | 1.83 | 3.76 | 7.79 | 6.77 | |
| UTI Large Cap Fund Direct-Growth | 12,859.77 | -1.03 | -7.68 | -0.90 | 12.81 | 10.81 | |
| UTI Mid Cap Fund Direct-Growth | 12,029.01 | 0.14 | -5.53 | 2.51 | 24.57 | 18.17 | |
| UTI Value Fund Direct-Growth | 10,159.11 | -2.01 | -7.28 | 2.07 | 24.27 | 18.56 | |
| UTI Nifty200 Momentum 30 Index Fund Direct - Growth | 8,333.77 | -3.62 | -12.50 | -7.19 | 21.25 | 17.54 | |
| UTI Arbitrage Fund Direct-Growth | 6,461.66 | 0.75 | 1.99 | 3.80 | 8.22 | 6.89 | |
| UTI Aggressive Hybrid Fund Direct Fund-Growth | 6,107.34 | -0.08 | -3.82 | 3.61 | 20.55 | 17.43 |
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About UTI Innovation Fund Direct - IDCW
1. UTI Innovation Fund - Direct Plan is Open-ended Thematic Equity scheme which belongs to UTI Mutual Fund House.
2. The fund was launched on Oct 13, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 95.61% in equities, 0.59% in debts and 3.8% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 52.96999999999999% of the assets, the top 3 sectors constitute around 83.2% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on UTI Innovation Fund Direct - IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. UTI Innovation Fund - Direct Plan is Open-ended Thematic Equity scheme which belongs to UTI Mutual Fund House.
2. The fund was launched on Oct 13, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 95.61% in equities, 0.59% in debts and 3.8% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 52.96999999999999% of the assets, the top 3 sectors constitute around 83.2% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on UTI Innovation Fund Direct - IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about UTI Innovation Fund Direct - IDCW
- Is it safe to invest in UTI Innovation Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the UTI Innovation Fund - Direct Plan comes under Very High risk category.
- What is the category of UTI Innovation Fund - Direct Plan?UTI Innovation Fund - Direct Plan belongs to the Equity : Thematic category of funds.
- How Long should I Invest in UTI Innovation Fund - Direct Plan?The suggested investment horizon of investing into UTI Innovation Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the UTI Innovation Fund - Direct Plan?The UTI Innovation Fund - Direct Plan is managed by Nitin Jain (Since Oct 01, 2024) and Ankit Agarwal (Since Sep 25, 2023).
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