UTI Mutual Fund · Direct Growth · SEBI Category: Index/ETF
UTI Nifty 50 Index Fund is one of India's oldest and most established index funds with a track record spanning over 25 years. UTI Mutual Fund — one of India's earliest fund houses established in 1963 — has deep experience in passive fund management and has been a pioneer in bringing index investing to Indian retail investors. The fund mechanically replicates the Nifty 50 index by holding all 50 stocks in the same proportion as the index.
With one of the largest AUMs among Nifty 50 index funds, UTI Nifty 50 has consistently maintained low tracking error — the key measure of how well an index fund replicates its benchmark. The fund's scale allows efficient execution with minimal market impact when rebalancing. It is one of the most frequently recommended first equity investments for new investors in India.
Sharwan Kumar Goyal is Head of Passive, Arbitrage and Quant Strategies at UTI Mutual Fund and manages the UTI Nifty 50 Index Fund. In index fund management, the fund manager's primary role is minimising tracking error — ensuring the fund's returns stay as close to the Nifty 50 TRI as possible through efficient replication and minimal cash drag.
For current co-manager details and full biography, refer to the latest UTI Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| UTI Nifty 50 Index Fund ▲ | ₹163.95 | ₹26.0K Cr Jan–Mar 2026 | -4.2% | +9.2% p.a. | +9.6% p.a. | 0.29 |
| Nippon India Index Fund Nifty 50 | ₹43.01 | ₹3.1K Cr Jan–Mar 2026 | -4.1% | +9.2% p.a. | +9.6% p.a. | 0.29 |
| SBI Nifty Index Fund | ₹217.88 | ₹11.6K Cr Jan–Mar 2026 | -4.2% | +9.1% p.a. | +9.5% p.a. | 0.26 |
| Kotak Nifty 50 Index Fund | ₹15.48 | ₹1.0K Cr Jan–Mar 2026 | -4.1% | +9.1% p.a. | — | 0.28 |
| Aditya Birla Sun Life Nifty 50 Index Fund | ₹243.31 | ₹1.2K Cr Jan–Mar 2026 | -4.2% | +9.2% p.a. | +9.5% p.a. | 0.29 |
Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how UTI Nifty 50 Index FundOption ranks against other Index/ETF funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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