January 21, 2025
mayank
UTI Nifty India Manufacturing Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the UTI Nifty India Manufacturing Index Fund Open Date, Close Date?
NFO opens on January 28, 2025
NFO will close on February 10, 2025
Investment Strategy for this NFO?
The scheme seeks to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error.
Basic Details
| Fund House | UTI Mutual Fund |
| Issue Open | 28 January 2025 |
| Issue Close | 10 February 2025 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment (Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty India Manufacturing TRI |
About Benchmark Index for this NFO?
The Nifty India Manufacturing Index aims to track the performance of stocks that represent manufacturing sectors in India. The stocks are selected from a combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 index. A stock’s weight in the Nifty India Manufacturing index is based on its free-float market capitalisation subject to maximum weight of each stock at 5%. The index also has a minimum weight of 20% to certain manufacturing sectors.
Index Variant: Nifty India Manufacturing Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float MCap |
| No. of Constituents | 77 |
| Launch Date | August 16, 2021 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of UTI Nifty India Manufacturing Index Fund
1) Sharwan Kumar Goyal
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.
2) Ayush Jain
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..
AMC
UTI Asset Management Company Ltd
Address: UTI Tower, Plot C-1, GN Block, Banrda Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.utimf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for UTI Nifty India Manufacturing Index Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Nifty India Manufacturing TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -11.62 | 25.23 | 25.23 | 23.79 | 14.21 |
| Total Return | -11.57 | 25.99 | 25.99 | 25.11 | 15.71 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 16.36 | 18.84 | 21.28 |
| Beta (NIFTY 50) | 1.01 | 0.87 | 0.92 |
| Correlation (NIFTY 50) | 0.86 | 0.88 | 0.92 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 29.3 | 4.35 | 1.09 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Sun Pharmaceutical Industries Ltd. | 5.13 |
| Mahindra & Mahindra Ltd. | 5.06 |
| Reliance Industries Ltd. | 5.00 |
| Tata Motors Ltd. | 4.46 |
| Maruti Suzuki India Ltd. | 4.10 |
| Tata Steel Ltd. | 3.29 |
| Bharat Electronics Ltd. | 2.83 |
| Bajaj Auto Ltd. | 2.80 |
| Hindalco Industries Ltd. | 2.51 |
| JSW Steel Ltd. | 2.48 |
Note on Benchmark Performance:
The Nifty India Manufacturing Index is designed to track the performance of stocks from India’s manufacturing sectors. It comprises 77 companies across various manufacturing industries. Over the past 5 years, the index has delivered an average annual return of 25.11%. If India’s economic growth continues, it has the potential to generate strong returns in the future.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Sharwan Kumar Goyal
| Fund | UTI Nifty 50 ETF | It’s Benchmark | UTI Nifty 50 Index Fund | It’s Benchmark |
| 1 Year | 9.45 | 11.38 | 8.81 | 11.38 |
| 3 Year | 10.79 | 12.29 | 10.46 | 12.29 |
| 5 Year | 14.99 | 16.32 | 14.69 | 16.32 |
| 7 Year | 12.73 | 13.14 | 12.46 | 13.14 |
| 10 Year | — | — | 11.33 | 12.33 |
As on 21-1-2025
Past Performance of Ayush Jain
| Fund | UTI BSE Sensex Index Fund | It’s Benchmark | UTI Nifty200 Momentum 30 Index Fund | It’s Benchmark |
| 1 Year | 8.35 | 11.38 | 9.27 | 11.19 |
| 3 Year | — | — | 14.17 | 12.89 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 21-1-2025
Note on Fund Managers’ performance
Fund managers are like pilots navigating through both turbulent and calm skies. Their ability to manage the fund effectively during both challenging and favorable times is key. Therefore, analyzing the historical performance of fund managers is important to gauge their future potential. We have reviewed several schemes managed by these fund managers, and as noted earlier, their past performance has been somewhat underwhelming.
[ C ] Conclusion
Given these two crucial factors in the NFO analysis, we recommend considering a small, token investment in this NFO. However, we advise against committing a large portion of your investment at this time.
Is it good to invest in UTI Nifty India Manufacturing Index Fund NFO?
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