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UTI AMC - UTIBANKETF

UTIBANKETF

₹52.96+₹0.20 (0.38%) TodayLast updated on 01 Nov, 2024 | 18:59 IST

UTI AMC - UTIBANKETF Chart

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  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹53.35
Close
₹52.76
Volume
15,208
Avg. traded
₹52.76
Circuit range
₹42.17 - ₹63.26
Day range
₹52.03 - ₹53.57
Year range
₹41.00 - ₹55.96
AUM
₹3,619.77 Cr

Managers

Sharwan Kumar Goyal, +1 more
Launch Date
03 Sep 2020
UTI AMC - UTIBANKETF

About UTI Nifty Bank ETF

  • UTI Nifty Bank ETF is an open-ended exchange-traded fund offered by UTI Mutual Fund House.
  • The scheme was launched on September 1, 2020.
  • UTI Nifty Bank ETF consists of top banking stocks listed on the National Stock Exchange.
  • Shravan Kumar Goyal and Ayush Jain are the fund managers for this ETF.
  • Like any other stock market transaction, a demat account is required to invest in UTI Nifty Bank ETF.
  • Investors can place buy orders for the UTI Nifty Bank ETF through their brokers during the trading window of the NSE.

Investment Objective & Benchmark

  • UTI Nifty Bank ETF aims to offer returns that replicate the performance of the underlying index, subject to minor tracking errors.

  • The ETF is benchmarked against the Nifty Bank Index.

  • The growth in the Indian economy has seen a surge in infrastructural spending, leading to increased borrowing. This spike in demand positions the banking sector for exponential growth.

  • This ETF is a cost-effective way to make gains with the growth of the banking sector, allowing one to invest in top banking stocks in a single investment.

  • With recent reforms and stringent checks, the sector has minimised the risk associated with regulatory issues.

  • The ETF creates a balance of stocks from both the private and public sector lenders, offering greater diversification.

Asset Allocation & Portfolio Composition

  • UTI Nifty Bank ETF invests heavily in equity, allocating 99.49% of the funds.
  • The remaining 0.51% is invested in debt, and cash.
  • The ETF has invested 99.49% of the funds in the financial sector and the remaining in others.
  • The ETF has diversified its fund across market capitalisation – 67.22% to giant cap, 13.93% to large cap, and 14.87% to mid-cap companies. The remaining 3.98% of the funds are invested in small-cap firms.
  • The top 10 company holdings in the UTI Nifty Bank ETF make up 99.64% of the asset allocation, as of June 2024.

Top 10 company holdings UTI Nifty Bank ETF along with their portfolio weightage:

  • HDFC Bank Ltd- 29.26%
  • ICICI Bank Ltd- 23.21%
  • Axis Bank Ltd- 9.73%
  • State Bank of India Ltd- 9.62%
  • Kotak Mahindra Bank Ltd - 8.18%
  • IndusInd Bank Ltd- 6.22%
  • Bank of Baroda Lt- 3.17%
  • Punjab National Bank - 2.47%
  • AU Small Finance Ltd-2.34%
  • Federal Bank Ltd - 2.33%

UTI Nifty Bank ETF has posted a return of 11.99% over the past year, as per data as oo June 30.

Since its inception in September 2020, the ETF has generated a return of 21.95% against the Nifty Bank TRI's 22.05%.

Key indicators

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Tracking index
Nifty Bank

Expense Ratio

0.16%
Tracking error
0.04%

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Investment checklist: (3/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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Entry Point

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Returns

Returns vs Benchmark
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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UTI AMC - UTIBANKETF Shareholder returns

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1 day
+0.36%
1 week
+0.44%
1 month
-2.27%
3 months
+0.28%
1 year
+22.26%
3 years
+32.94%
5 years
-77.18%

UTI AMC - UTIBANKETF Price history

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DayOpenCloseChange %
Fri, Nov 1 2024
₹53.35
₹52.95
+0.36%
Thu, Oct 31 2024
₹53.47
₹52.76
-0.73%
Wed, Oct 30 2024
₹53.80
₹53.15
-0.56%
Tue, Oct 29 2024
₹52.97
₹53.45
+1.73%
Mon, Oct 28 2024
₹52.12
₹52.54
-0.34%
Fri, Oct 25 2024
₹52.03
₹52.72
+0.19%
Thu, Oct 24 2024
₹51.99
₹52.62
+0.38%
Wed, Oct 23 2024
₹53.17
₹52.42
-0.32%

Frequently asked questions