Top UTI Mutual Funds to Consider in 2024
UTI mutual fund is one of the most trustworthy mutual fund companies in India offering diversified mutual fund schemes for its investors. With equity, hybrid, debt, and other popular mutual funds categories, the company aims to generate solid returns for its investors. Managed by the best and most professional mutual fund managers, the UTI mutual funds help investors to grow their investment exponentially through one-time and SIP investment. Investors even use a dedicated SIP calculator to determine the best SIP amount and investment scheme that fits their preferences and risk appetite. Following are some popular UTI mutual fund schemes in 2024 that investors can consider for long-term investment:
UTI Nifty Index fund
Known for its stable returns and low-cost expense ratio, the Nifty Index fund by UTI is a direct plan that invests NIFTY 50 companies in India. With a return of an average of 13% and a total of ₹6,250 crores under management, the index fund scheme helps with better risk management through investment in large-cap stocks that are known for their stable financial performance.
UTI Flexi Cap Fund
One of the most popular mutual fund schemes by UTI, the UTI Flexi Cap Fund has an AUM of ₹28,540 crores which is growing significantly through monthly and yearly SIPs. With investment across various assets like large-cap, mid-cap, and small company stocks, the mutual fund scheme has been able to deliver a CAGR of 15%. Being an actively managed fund, the investors keep in the expense ratio which ranges between 1 – 1.18%. Perfect for long-term investment, the mutual fund scheme aims to deliver stable but higher returns in line with its past performance since its year of inception.
UTI Hybrid Fund
Perfect for investors with a moderate risk-taking capacity, the UTI Hybrid Fund picks up equity and debt securities for long-term investment. With more than ₹12000 crores under management and returns of 10.9% CAGR over 5 years, the UTI fund scheme offers exposure to both equity and debt markets. The main aim of the fund is to keep the investment outlay of the investors secure and generate stable returns to beat the broader market index.
UTI Bond Fund
With 5 5-year CAGR of 7.4%, the UTI Bond fund is a direct investment plan that makes investments in government bonds and other fixed-return securities for stable returns. Corporate bonds, government securities, and other stable return-generating assets are included in the UTI mutual fund scheme for minimum risk exposure. Moreover, the fund has a total outlay of ₹4,780 crores with an expense ratio of 0.77% making it a cost-effective and reliable mutual fund investment scheme.
UTI Multi Cap Fund
A popular mutual fund scheme under the multi-cap category, the UTI Multi Cap Fund scheme invests in large-cap, mid-cap, and even small-cap companies. With a positive track record of generating returns of more than 14% over 5 years, the fund scheme offers diversified investment benefits. Finance, banking, technology, FMCG, healthcare, and Pharma and other stocks of various other popular sectors are included in the mutual scheme with positive return performance over the long term.
With diversified UTI Mutual Fund schemes, investors must make a rational decision in selecting the best mutual fund. A scheme that offers investment protection, positive returns, and stability to meet the financial goals of investors must be selected.
