UTI Nifty500 Shariah Index Fund
This is the Direct plan of UTI Nifty500 Shariah Index Fund — 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.
Performance
Scorecard
Not ratedHow 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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough Index Funds peers to rank yet
Volatility 14.4% vs 12.3% category avg
0.8% expense vs 0.5% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
No standout strengths identified.
Concerns
- Trails the Index Funds average on 1M/3M/6M
- More volatile than its Index Funds peers (14.4% vs 12.3%)
- High expense ratio (0.78%) vs the Index Funds average of 0.50%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Index Funds)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.43% | -3.92% | -1.51% |
| 3M abs | -4.44% | -3.17% | -1.27% |
| 6M abs | +3.80% | +5.91% | -2.11% |
| 1Y CAGR | — | -0.08% | — |
| 3Y CAGR | — | +9.25% | — |
| 5Y CAGR | — | +8.29% | — |
Category average across peers in Index Funds (376 of 381 carry a figure for at least one period), 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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
7 monthly installments of ₹10,000 into UTI Nifty500 Shariah Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity100.18%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹79.06Cr in April - June 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.
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.
Fund Managers
SGSharwan Kumar GoyalManaging since 23 Feb 2026
Senior Vice President- Equity & Head - Passive, Arbitrage and Quant Strategies and FM (Equity)
B.Com, MMS, CFA
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.
- UTI - Arbitrage Fund
- UTI - BSE Sensex Next 50 Exchange Traded Fund
- UTI - Gold Exchange Traded Fund
- UTI - Nifty Next 50 Exchange Traded Fund
- UTI - Nifty Next 50 Index Fund
- UTI BSE Housing Index Fund
- UTI BSE INDIA SECTOR LEADERS EXCHANGE TRADED FUND
- UTI BSE India Sector Leaders Index Fund SID
- UTI BSE Low Volatility Index Fund
- UTI BSE Sensex ETF
- UTI BSE Sensex Index Fund
- UTI Multi Asset Allocation Fund
- UTI Nifty 200 Momentum 30 Index Fund
- UTI Nifty 200 Quality 30 Index Fund
- UTI Nifty 50 Index Fund
- UTI Nifty 500 Exchange Traded Fund
- UTI Nifty 500 Value 50 Index Fund
- UTI Nifty Alpha Low-Volatility 30 Index Fund
- UTI Nifty Bank ETF
- UTI Nifty India Manufacturing Index Fund
- UTI Nifty IT ETF
- UTI Nifty Midcap 150 Index Fund
- UTI Nifty Midcap 150 Quality 50 Index Fund
- UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
- UTI Nifty Private Bank Index Fund
- UTI Nifty50 Equal Weight Index Fund
- UTI Quant Fund
- UTI Gold ETF Fund of Fund - Direct Plan - Growth
- UTI Nifty 50 ETF - Direct Plan
- UTI Nifty Midcap 150 Exchange Traded Fund - Direct Plan - Growth
AJAyush JainManaging since 23 Feb 2026
Manager- Equity
Qualifica tions CA, B.Com (Tax)
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
- UTI - BSE Sensex Next 50 Exchange Traded Fund
- UTI - Gold Exchange Traded Fund
- UTI - Nifty Next 50 Exchange Traded Fund
- UTI - Nifty Next 50 Index Fund
- UTI BSE Housing Index Fund
- UTI BSE INDIA SECTOR LEADERS EXCHANGE TRADED FUND
- UTI BSE India Sector Leaders Index Fund SID
- UTI BSE Low Volatility Index Fund
- UTI BSE Sensex ETF
- UTI BSE Sensex Index Fund
- UTI Gold ETF Fund of Fund
- UTI Nifty 200 Momentum 30 Index Fund
- UTI Nifty 200 Quality 30 Index Fund
- UTI Nifty 50 ETF
- UTI Nifty 50 Index Fund
- UTI Nifty 500 Exchange Traded Fund
- UTI Nifty 500 Index Fund.
- UTI Nifty 500 Value 50 Index Fund
- UTI Nifty Alpha Low-Volatility 30 Index Fund
- UTI Nifty Bank ETF
- UTI Nifty India Manufacturing Index Fund
- UTI Nifty IT ETF
- UTI Nifty Midcap 150 Exchange Traded Fund
- UTI Nifty Midcap 150 Index Fund
- UTI Nifty Midcap 150 Quality 50 Index Fund
- UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
- UTI Nifty Private Bank Index Fund
- UTI Nifty50 Equal Weight Index Fund
- UTI Silver ETF Fund of Fund
- UTI Silver Exchange Traded Fund
LKLokesh KulthiaManaging since 19 Jun 2026
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.
- UTI BSE INDIA SECTOR LEADERS EXCHANGE TRADED FUND
- UTI BSE India Sector Leaders Index Fund SID
- UTI Nifty 500 Exchange Traded Fund
- UTI Nifty 500 Index Fund.
- UTI - Gold Exchange Traded Fund - Direct Plan - Growth
- UTI - Nifty Next 50 Index Fund - Direct Plan - Growth
- UTI BSE Housing Index Fund - Direct Plan - Growth
- UTI BSE Low Volatility Index Fund - Direct Plan - Growth
- UTI BSE Sensex ETF - Direct Plan
- UTI BSE Sensex Index Fund - Direct Plan - Growth
- UTI Gold ETF Fund of Fund - Direct Plan - Growth
- UTI Nifty 200 Quality 30 Index Fund - Direct Plan - Growth
- UTI Nifty 50 ETF - Direct Plan
- UTI Nifty 50 Index Fund - Direct Plan - Growth
- UTI Nifty 500 Value 50 Index Fund - Direct Plan - Growth
- UTI Nifty Bank ETF - Direct Plan - Growth
- UTI Nifty IT ETF - Direct Plan - Growth
- UTI Nifty Midcap 150 Index Fund - Direct Plan - Growth
- UTI Nifty Private Bank Index Fund - Direct Plan - Growth
- UTI Quant Fund - Direct Plan - Growth
- UTI Silver ETF Fund of Fund - Direct Plan - Growth
- UTI Silver Exchange Traded Fund - Direct Plan - Growth
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.
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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 Index funds & ETFs
Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.
From the blog
Frequently asked questions
What is the NAV of UTI Nifty500 Shariah Index Fund?
As of 05 Oct 2026, the NAV of UTI Nifty500 Shariah Index Fund is ₹9.56 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has UTI Nifty500 Shariah Index Fund delivered?
UTI Nifty500 Shariah Index Fund has returned -4.68% 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 is the expense ratio of UTI Nifty500 Shariah Index Fund?
UTI Nifty500 Shariah Index Fund charges an expense ratio of 0.78% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of UTI Nifty500 Shariah Index Fund?
UTI Nifty500 Shariah Index Fund's largest holdings are INFOSYS LTD. (6.5%), TATA CONSULTANCY SERVICES LTD. (4.0%), SUN PHARMACEUTICALS INDUSTRIES (3.4%), HINDUSTAN UNILEVER LTD (2.9%) and HINDALCO INDUSTRIES LTD. (2.4%). Holdings are disclosed monthly and change over time.
How risky is UTI Nifty500 Shariah Index Fund?
UTI Nifty500 Shariah Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -10.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of UTI Nifty500 Shariah Index Fund?
UTI Nifty500 Shariah Index Fund is benchmarked against the Nifty500 Shariah TRI. Its alpha and beta on this page are measured against that index.
Who manages UTI Nifty500 Shariah Index Fund?
UTI Nifty500 Shariah Index Fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia at UTI.
How is UTI Nifty500 Shariah Index Fund taxed?
UTI Nifty500 Shariah Index Fund 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.