ETFEquity ETFDirectGrowthVery High

UTI Nifty Bank ETF

Q: What is the NAV of UTI Nifty Bank ETF?

As of 01 Oct 2026, the NAV of UTI Nifty Bank ETF is ₹56.40 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has UTI Nifty Bank ETF delivered?

UTI Nifty Bank ETF has returned -1.20% over 1 year, +7.55% per year over 3 years, +8.62% per year over 5 years and +15.47% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What are the top holdings of UTI Nifty Bank ETF?

UTI Nifty Bank ETF's largest holdings are HDFC BANK LIMITED (17.0%), ICICI BANK LTD (14.8%), STATE BANK OF INDIA (10.3%), KOTAK MAHINDRA BANK LTD. (9.9%) and AXIS BANK LTD. (9.2%). Holdings are disclosed monthly and change over time.

Q: How risky is UTI Nifty Bank ETF?

UTI Nifty Bank ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.1% and its worst peak-to-trough fall in our sample was -20.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.07 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. UTI Nifty Bank ETF's 0.07 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of UTI Nifty Bank ETF?

UTI Nifty Bank ETF is benchmarked against the Nifty Bank TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages UTI Nifty Bank ETF?

UTI Nifty Bank ETF is managed by Ayush Jain, Sharwan Kumar Goyal and Lokesh Kulthia at UTI.

Q: How is UTI Nifty Bank ETF taxed?

UTI Nifty Bank ETF is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

UTI Mutual Fund · Best Equity ETFs

NAV

₹56.40

-0.33% 1D

as of 01 Oct 2026

This is the Direct plan of UTI Nifty Bank ETF — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

+0.09%CAGR

52-week rangePrev NAV ₹56.59

Latest ₹56.40

Low ₹51.7940th percentile of its 52-week rangeHigh ₹63.43

Scorecard

★★☆☆☆2/5 vs 6 Equity ETF peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Equity ETF (same plan and option).

PerformanceAverage

3Y CAGR +7.55% · ranks 4 of 6 Equity ETF funds

RiskModerate

Volatility 16.1% vs 17.0% category avg

Cost—

Expense ratio not available yet

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Equity ETF average on 1M/6M/1Y — 1Y by 3.71pp
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+7.55%) trails the Equity ETF average (+10.65%)
Weaker risk-adjusted returns — Sharpe 0.07 below the Equity ETF average of 0.22

Key Metrics

Annual fee charged by the fund, already deducted from NAV

—

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

12.90

Category 19.68▼6.78

Excess return per unit of total volatility (rf = 6.5%)

0.07

Category 0.22▼0.15

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

—

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Not allowed

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty Bank TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Sep 2020

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.16%

Absolute return over the last 3 months (not annualized)

-6.03%

Absolute return over the last 6 months (not annualized)

+6.42%

Absolute return since 1 Jan of this year (not annualized)

-8.17%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-1.20%

3-year annualized return (CAGR)

+7.55%

5-year annualized return (CAGR)

+8.62%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+15.47%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.12%

Excess return per unit of total volatility (rf = 6.5%)

0.07

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.09

Largest peak-to-trough decline over full history

-20.59%

Benchmark ratios (vs Nifty Bank TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Bank TRI

-0.29%

Sensitivity to Nifty Bank TRI moves; 1 = moves with the index

1.00

How much of the fund's movement Nifty Bank TRI explains

99.9%

Excess return per unit of beta (market risk)

1.18

Active return over the benchmark per unit of tracking error

-0.75

Annualized std dev of fund-minus-benchmark returns

0.42%

Fund's share of benchmark gains in up months (100 = matches index)

99.0%

Fund's share of benchmark losses in down months (lower is better)

100.2%

Computed vs the Nifty Bank TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Equity ETF)

Period	Fund	Category avg.	Diff
1M abs	-5.16%	-7.04%	+1.88%
3M abs	-6.03%	-2.70%	-3.33%
6M abs	+6.42%	+4.04%	+2.38%
1Y CAGR	-1.20%	-4.91%	+3.71%
3Y CAGR	+7.55%	+10.65%	-3.10%
5Y CAGR	+8.62%	—	—

Category average across peers in Equity ETF (up to 6 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 6 peers in Equity ETF

1Y return

-1.20%

Beats 50% · rank #4

3Y return

+7.55%

Beats 40% · rank #4

5Y return

+8.62%

—

Sharpe

0.07

Beats 40% · rank #4

Sortino

0.09

Beats 40% · rank #4

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.16L

Absolute

+19.27%

XIRR

+7.21%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into UTI Nifty Bank ETF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Bank TRI	Diff
2026part	-8.17%	-7.52%	-0.65%
2025	+17.93%	+18.31%	-0.38%
2024	+6.11%	+6.24%	-0.13%
2023	+13.19%	+13.20%	-0.01%
2022	+22.02%	+21.83%	+0.19%
2021	+13.71%	+13.86%	-0.15%
2020part	+32.80%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,502

AUM

₹3,358Cr

Portfolio turnover

27%

Exit load

Not Applicable

P/E ratio

12.9

P/B ratio

2.0

Avg market cap

₹5,29,148Cr

P/E & P/B are portfolio-weighted harmonic means across 13 of 14 equity holdings (95% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Equity ETF

Compare all


UTI Nifty Bank ETFThis fund UTI · Direct · Growth	★★☆☆☆	-1.20%	+7.55%	+8.62%	12.90	—	₹3,358Cr
UTI - Nifty Next 50 Exchange Traded Fund UTI · Direct · Growth	★★★★☆	+2.19%	+16.14%	+11.03%	17.47	—	₹2,258Cr
UTI - BSE Sensex Next 50 Exchange Traded Fund UTI · Direct · Growth	★★★★★	-0.32%	+14.24%	+12.63%	20.03	—	₹32.18Cr
UTI Nifty Midcap 150 Exchange Traded Fund UTI · Direct · Growth	★★★☆☆	+2.45%	+13.06%	—	25.56	—	₹13.48Cr
UTI Nifty 50 ETF UTI · Direct · Growth	★★★☆☆	-8.75%	+5.68%	+6.24%	18.61	—	₹69,369Cr
UTI BSE Sensex ETF UTI · Direct · Growth	★★★☆☆	-10.30%	+4.12%	+5.33%	18.49	—	₹53,661Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap74.6%
Mid cap25.4%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.95%
Cash & Equivalents0.04%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Nippon India ETF Nifty Bank BeES Nippon India · Other ETFs	100.0%	—	0.20%	+7.47%
Motilal Oswal Nifty Bank Index Fund Motilal Oswal · Index Funds	100.0%	★★★☆☆	0.32%	+7.41%
ICICI Prudential Nifty Bank Index Fund ICICI Prudential · Index Funds	100.0%	★★★☆☆	0.22%	+7.44%
Nippon India Nifty Bank Index Fund Nippon India · Index Funds	100.0%	★★★☆☆	0.31%	—
Axis Nifty Bank Index Fund Axis · Index Funds	100.0%	★★★☆☆	0.24%	—
SBI Nifty Bank Index Fund SBI · Index Funds	100.0%	★★★☆☆	0.33%	—
Navi Nifty Bank Index Fund Navi · Index Funds	100.0%	★★★☆☆	0.23%	+7.45%
DSP Nifty Bank Index Fund DSP · Index Funds	100.0%	★★★☆☆	0.27%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-20.6%26 Oct 2021 → 16 Jun 2022
Fell over 8 months, back to the old high on 14 Sep 2022 — 3 months under water after the low.
-18.4%18 Feb 2026 → 31 Mar 2026
Still below that high — 41 days down, and no recovery yet.
-17.5%15 Feb 2021 → 12 Apr 2021
Fell over 2 months, back to the old high on 16 Sep 2021 — 5 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹3,358Cr

April - June 2026

-13%

since January - March 2026

−₹105.31Cr

est. net flow, last quarter

Down +13% from its peak of ₹3,877Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

UTI Mutual Fund descends from the Unit Trust of India, which was effectively the whole Indian mutual fund industry from 1963 until private managers were allowed in. It was carved out as a SEBI-registered fund house in 2003, is listed on the exchanges, and is held by SBI, LIC, Bank of Baroda, PNB and T. Rowe Price rather than a single parent.

Launched

13 Nov 2002

Total AUM

₹3,92,691Cr+1.1% QoQ

Avg AUM · April - June 2026

Website

utimf.com

Fund Managers

AJAyush JainStart date not disclosed

Role

Manager- Equity

Education

Qualifica tions CA, B.Com (Tax)

Experience

He is a manager and designated as Assistant Fund Manager at UTI AMC Ltd. He is a Chartered Accountant holding charter from Institute (e) of Chartered Accountants of India and B.COM from DAVI Ahilya University. He began his career with UTI AMC Ltd in April, 2018 and has over 7 years of experience in Equity Fund Management, Equity Research, Equity Portfolio Analysis & Portfolio Management Services. Nov 2025

Funds managed (30)

All schemes Ayush Jain runs →

SGSharwan Kumar GoyalStart date not disclosed

Role

Senior Vice President- Equity & Head - Passive, Arbitrage and Quant Strategies and FM (Equity)

Education

B.Com, MMS, CFA

Experience

UTI AMC in June 2006 and has 19 years of overall experience in Risk / Fund management. Presently he is working as Equity Fund Manager & Head of Passive, Arbitrage & Quant Strategies.

Funds managed (29)

All schemes Sharwan Kumar Goyal runs →

LKLokesh KulthiaStart date not disclosed

Experience

i. Management ii. Trainee in Management. In iii. iv. team, v. over 4 experience in vi. vii. Associate viii. key sectors Banking & ix. Services, x. Goods, and xi. he has been in xii. quantitative xiv. manages xv. in the of Passives, xvi. index- mandates and xvii. portfolio xviii. xix. xx. xxi. xxii. xxiii. xxiv. xxv. xxvi. xxvii. xxviii. xxix. xxx. xxxi.

Funds managed (22)

All schemes Lokesh Kulthia runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Ayush Jain Sharwan Kumar Goyal Lokesh Kulthia

Top holdings

HDFC BANK LIMITED ICICI BANK LTD STATE BANK OF INDIA KOTAK MAHINDRA BANK LTD.AXIS BANK LTD.FEDERAL BANK LTD.INDUSIND BANK AU SMALL FINANCE BANK LTD IDFC FIRST BANK LTD BANK OF BARODA PUNJAB NATIONAL BANK YES BANK LTD.

UTI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Equity ETFs

Equity ETFs track an equity index and trade on the exchange through the day, so you buy at a market price that can sit slightly above or below the fund's NAV. That is the trade-off against an index fund, which always transacts at NAV but only once a day.

Frequently asked questions

What is the NAV of UTI Nifty Bank ETF?

As of 01 Oct 2026, the NAV of UTI Nifty Bank ETF is ₹56.40 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has UTI Nifty Bank ETF delivered?

UTI Nifty Bank ETF has returned -1.20% over 1 year, +7.55% per year over 3 years, +8.62% per year over 5 years and +15.47% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What are the top holdings of UTI Nifty Bank ETF?

UTI Nifty Bank ETF's largest holdings are HDFC BANK LIMITED (17.0%), ICICI BANK LTD (14.8%), STATE BANK OF INDIA (10.3%), KOTAK MAHINDRA BANK LTD. (9.9%) and AXIS BANK LTD. (9.2%). Holdings are disclosed monthly and change over time.

How risky is UTI Nifty Bank ETF?

UTI Nifty Bank ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.1% and its worst peak-to-trough fall in our sample was -20.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.07 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. UTI Nifty Bank ETF's 0.07 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of UTI Nifty Bank ETF?

UTI Nifty Bank ETF is benchmarked against the Nifty Bank TRI. Its alpha and beta on this page are measured against that index.

Who manages UTI Nifty Bank ETF?

UTI Nifty Bank ETF is managed by Ayush Jain, Sharwan Kumar Goyal and Lokesh Kulthia at UTI.

How is UTI Nifty Bank ETF taxed?

UTI Nifty Bank ETF is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.