UTI Nifty Next 50 Index Fund

UTI Nifty Next 50 Index Fund Direct Growth Plan is an open-ended index fund offered by UTI Mutual Fund. It replicates and tracks the Nifty 50 Index. The large cap fund aims to replicate the Nifty 50 Index's performance while accounting for tracking mistakes. The scheme is categorised as an equity fund. It is a passively managed fund that works to keep the return gap between the fund and the index that it tracks as minimal as possible.

The investment aim of the UTI Nifty Next 50 Index Fund Direct Growth Plan is to generate returns that, before costs and subject to tracking error, approximately mirror the total returns of the securities represented by the underlying index. The volatility of the overall equities market may be reduced by investing through a systematic investment plan (SIP).

The UTI Nifty Next 50 Index Fund Direct Growth Plan may be appropriate for investors seeking capital growth in line with index returns. Long-term wealth creation could be achieved through passive investing in equity instruments represented by the Nifty Next 50 Index. For new investors, the scheme could be simple to understand and may provide a well-diversified portfolio of 50 businesses with stronger sector diversity than the Nifty 50. This scheme would be ideal for investments with at least a 5-year time horizon. It is best for you to discuss any doubts you may have with your financial advisor.

To take advantage of compound interest, a lot of investors select Systematic Investment Plans (SIPs) for their mutual fund investments. By establishing a fixed amount of money to be invested every month, averaging the cost per unit over time, and mitigating the effects of market volatility, SIPs enable disciplined investing. Try the free mutual fund SIP calculator from Angel One to plan your investment and get an idea of possible returns.