UTI AMC - UTIBANKETF
UTIBANKETF
UTI AMC - UTIBANKETF Chart
Fund overview
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 | ManagersSharwan Kumar Goyal, +1 more | Launch Date 03 Sep 2020 |
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
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UTI Nifty Bank ETF aims to offer returns that replicate the performance of the underlying index, subject to minor tracking errors.
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The ETF is benchmarked against the Nifty Bank Index.
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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.
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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.
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With recent reforms and stringent checks, the sector has minimised the risk associated with regulatory issues.
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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
Tracking index Nifty Bank |
Expense Ratio0.16% |
Tracking error 0.04% |
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Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
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Returns
This ETF
Nifty 50
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UTI AMC - UTIBANKETF Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 1 2024 | ₹53.35 | ₹52.95 | |
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 | |
Mon, Oct 28 2024 | ₹52.12 | ₹52.54 | -0.34% |
Fri, Oct 25 2024 | ₹52.03 | ₹52.72 | |
Thu, Oct 24 2024 | ₹51.99 | ₹52.62 | |
Wed, Oct 23 2024 | ₹53.17 | ₹52.42 | -0.32% |
Composition
Name | Holdings |
---|---|
HDFCBANKHDFC Bank Ltd | 28.10% |
ICICIBANKICICI Bank Ltd | 23.81% |
SBINState Bank of India | 9.53% |
KOTAKBANKKotak Mahindra Bank Ltd | 9.37% |
532215Axis Bank Ltd | 9.32% |
INDUSINDBKIndusInd Bank Ltd | 5.68% |