UTI Innovation Fund
NAV : ₹ 11.373 as of 27 June, 2024
Overview
₹ 622.2 Cr
Fund size
₹ 500
Min SIP
₹ 5000
Lumpsum
25 September 2023
Launch date
Growth
Fund plan
Regular
Scheme type
Equity Holding(s) Distribution
Other Scheme Info
Expense Ratio
Inclusive of GST
2.33%
Stamp Duty
0.005%
Exit Load
Exit load of 1%, if redeemed within 12 months.
0
Fund Managers
Deepesh Agarwal
May 2022 - Present
Fund House
UTI Mutual Fund
Total AUM: 286921.51Cr
UTI Mutual Fund was established in January 2003 as a SEBI-registered fund house, backed by five prominent institutional partners: SBI, Bank of Baroda, Punjab National Bank, LIC, and T Rowe Price Group Inc. Making its debut on stock exchanges in October 2020, UTI Mutual Fund has a history dating back to the 1980s when its mutual funds operated under the "Unit Trust of India" banner. Notably, UTI La...View UTI Innovation Fund AMC
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
Still have questions?
What is the NAV of UTI Innovation Fund
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of UTI Innovation Fund is ₹11.37
What is the AUM of UTI Innovation Fund?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of UTI Innovation Fund is ₹622.2 Cr.
What is the minimum SIP amount for UTI Innovation Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of UTI Innovation Fund is ₹500
What is the Expense Ratio of UTI Innovation Fund?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of UTI Innovation Fund is 2.33%
What is the Exit load of UTI Innovation Fund?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
The Exit load of UTI Innovation Fund is Exit load of 1%, if redeemed within 12 months..
