August 28, 2023
mayank
UTI Nifty Bank ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 44.9690
Suitable For Which Investors?
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.
Fund’s 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.
Fund Manager:
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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of UTI Nifty Bank ETF
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Sep-20 |
| Return Since Launch | 24.32% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 3,127 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.15% |
| (As on 31-Mar-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
UTI Nifty Bank ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Nifty Bank ETF | 3.71 | -0.59 | -3.29 | 1.76 | 11.71 | 14.47 | — | — | — | — |
| S&P BSE Bankex TRI | 2.63 | -0.47 | -3.42 | 0.96 | 11.00 | 12.64 | — | — | — | — |
| Equity: Sectoral-Banking | 6.48 | -0.54 | -2.12 | 5.51 | 14.89 | 17.71 | — | — | — | — |
| Rank within category | 23 | 32 | 24 | 27 | 24 | 16 | — | — | — | — |
| Number of funds in category | 34 | 43 | 39 | 37 | 35 | 32 | 22 | 16 | 16 | 10 |
UTI Nifty Bank ETF Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| UTI Nifty Bank ETF | Unrated | 14.47 | — | — | 0.15 | 3,127 | 24.32 | — | 2Y 11M | — |
| ICICI Pru Banking & Fin Srvces Reg | 4 star | 14.52 | 22.95 | 9.17 | 1.85 | 7,062 | 16.41 | 1.00 (15) | 15Y | 48.00 |
| Nippon Ind Banking & Fin Srvices Reg | 4 star | 20.08 | 29.69 | 9.60 | 1.94 | 4,527 | 20.69 | 1.00 (30) | 20Y 3M | 38.00 |
| SBI Banking & Fin Srvices Reg | 4 star | 10.24 | 19.82 | 9.98 | 1.90 | 4,364 | 12.86 | 0.50 (30) | 8Y 6M | 81.00 |
| Sundaram Fin Srvices Opp Reg | 5 star | 22.66 | 25.46 | 13.11 | 2.29 | 824 | 14.18 | 1.00 (365) | 15Y 2M | 60.00 |
Portfolio Analysis of UTI Nifty Bank ETF
| No. of Stocks | 12 |
| Top 10 Stocks | 97.12% |
| Top 5 Stocks | 80.82% |
| Top 3 Sectors | 99.66% |
| Portfolio P/B Ratio | 2.49 |
| Portfolio P/E Ratio | 17.66 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,53,166 | 2,97,352 |
| Giant (%) | 81.90 | 65.12 |
| Large (%) | 12.82 | 19.56 |
| Mid (%) | 6.09 | 12.67 |
| Small (%) | — | 5.08 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For UTI Nifty Bank ETF
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
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