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UTI Nifty500 Shariah Index Fund

Q: What is the NAV of UTI Nifty500 Shariah Index Fund?

As of 01 Oct 2026, the NAV of UTI Nifty500 Shariah Index Fund is ₹9.54 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has UTI Nifty500 Shariah Index Fund delivered?

UTI Nifty500 Shariah Index Fund has returned -4.92% 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 is the expense ratio of UTI Nifty500 Shariah Index Fund?

UTI Nifty500 Shariah Index Fund charges an expense ratio of 1.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: 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.

Q: 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.

Q: 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.

Q: 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.

Q: 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.

UTI Mutual Fund · Best Index Funds

NAV

₹9.54

-0.38% 1D

as of 01 Oct 2026

This is the Regular plan of UTI Nifty500 Shariah Index Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-4.92%absolute

52-week rangePrev NAV ₹9.58

Latest ₹9.54

Low ₹9.0038th percentile of its 52-week rangeHigh ₹10.42

Scorecard

Not rated

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. 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.

Performance—

Not enough Index Funds peers to rank yet

RiskHigh

Volatility 14.4% vs 12.3% category avg

CostHigh

1.2% expense vs 1.0% category avg

Consistency—

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

More volatile than its Index Funds peers (14.4% vs 12.3%)
High expense ratio (1.24%) vs the Index Funds average of 0.96%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.24%

Category 0.96%▲0.28%

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

23.72

Category —

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

—

Category 0.33

Scheme Info

Definitions

Plan

Regular · Growth

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

None

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.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty500 Shariah 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.

26 Feb 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.66%

Absolute return over the last 3 months (not annualized)

-3.27%

Absolute return over the last 6 months (not annualized)

+3.90%

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

-4.92%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

-4.92%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.44%

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

—

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

—

Largest peak-to-trough decline over full history

-10.33%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

Computed vs the Nifty 500 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 (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	-6.66%	-4.54%	-2.12%
3M abs	-3.27%	-2.99%	-0.28%
6M abs	+3.90%	+5.25%	-1.35%
1Y CAGR	—	-0.50%	—
3Y CAGR	—	+8.54%	—
5Y CAGR	—	+8.02%	—

Category average across peers in Index Funds (365 of 373 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.

Monthly investment (₹)

Period

Invested

₹70.00K

Current value

₹67.92K

Absolute

-2.97%

XIRR

-11.38%

Value vs. invested

ValueInvested

7 monthly installments of ₹10,000 into UTI Nifty500 Shariah Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

148

Expense ratio

1.24%

AUM

₹79.06Cr

Portfolio turnover

24%

Exit load

Nil

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

23.7

P/B ratio

5.5

Avg market cap

₹1,75,691Cr

P/E & P/B are portfolio-weighted harmonic means across 181 of 205 equity holdings (94% 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 · Index Funds

Compare all


UTI Nifty500 Shariah Index FundThis fund UTI · Regular · Growth	—	—	—	—	—	1.24%	₹79.06Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential · Regular · Growth	★★★★★	+32.29%	+33.12%	+20.04%	—	1.06%	₹3,348Cr
Motilal Oswal S&P 500 Index Fund Motilal Oswal · Regular · Growth	★★★★★	+23.73%	+27.06%	+18.06%	—	1.04%	—
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Regular · Growth	★★★★★	+20.43%	+18.76%	—	—	1.18%	₹121.63Cr
UTI Nifty 500 Value 50 Index Fund UTI · Regular · Growth	★★★★☆	+3.67%	+18.19%	—	—	1.19%	₹729.68Cr
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Edelweiss · Regular · Growth	★★★★★	+17.16%	+17.87%	+12.94%	—	1.10%	—

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap50.9%
Mid cap36.0%
Small cap13.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.18%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Tata Ethical Fund Tata · Sectoral/ Thematic	50.4%	★★☆☆☆	0.84%	+3.71%
Navi Nifty Midsmallcap 400 Index Fund Navi · Index Funds	43.8%	—	0.52%	—
Nippon India ETF Nifty 50 Shariah BeES Nippon India · Other ETFs	37.8%	—	0.97%	-1.30%
Zerodha Nifty MidSmallcap400 50:50 Index Fund Zerodha · Index Funds	37.6%	—	0.86%	—
Navi Nifty India Manufacturing Index Fund Navi · Index Funds	36.8%	★★★★☆	0.58%	+16.02%
UTI Nifty India Manufacturing Index Fund UTI · Index Funds	36.8%	★★★☆☆	0.72%	—
Nippon India Nifty India Manufacturing Index Fund Nippon India · Index Funds	36.8%	★★★☆☆	0.34%	—
Nippon India Nifty India Manufacturing ETF Nippon India · Other ETFs	36.8%	—	0.28%	—

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.

🚩Holdings under NSE surveillance (ASM)

3 holdings — 1.03% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Welspun Corp LimitedLong-term · Stage I0.51%
HFCL LimitedLong-term · Stage IV0.42%
Whirlpool of India LimitedShort-term · Stage I0.10%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-10.3%26 Feb 2026 → 23 Mar 2026
Fell over 25 days, back to the old high on 21 Apr 2026 — 29 days under water after the low.
-8.5%10 Aug 2026 → 01 Oct 2026
Still below that high — 2 months down, and no recovery yet.

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

₹79.06Cr

April - June 2026

+219%

since January - March 2026

At 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.

Launched

13 Nov 2002

Total AUM

₹3,92,691Cr+1.1% QoQ

Avg AUM · April - June 2026

Website

utimf.com

Fund Managers

SGSharwan Kumar GoyalManaging since 23 Feb 2026

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 (30)

All schemes Sharwan Kumar Goyal runs →

AJAyush JainManaging since 23 Feb 2026

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 →

LKLokesh KulthiaManaging since 19 Jun 2026

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 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.

Explore from here

Fund managers

Sharwan Kumar Goyal Ayush Jain Lokesh Kulthia

Top holdings

INFOSYS LTD.TATA CONSULTANCY SERVICES LTD.SUN PHARMACEUTICALS INDUSTRIES HINDUSTAN UNILEVER LTD HINDALCO INDUSTRIES LTD.HCL TECHNOLOGIES LTD.ULTRATECH CEMENT LTD.ASIAN PAINTS (INDIA) LTD.NESTLE INDIA LTD.TECH MAHINDRA LTD.TATA MOTORS LTD TRENT LIMITED

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.

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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.

Frequently asked questions

What is the NAV of UTI Nifty500 Shariah Index Fund?

As of 01 Oct 2026, the NAV of UTI Nifty500 Shariah Index Fund is ₹9.54 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 -4.92% 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 1.24% 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.