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UTI Bank Exchange Traded Fund (UTI Bank ETF) (An Open-Ended Scheme Replicating/Tracking Nifty Bank Index)

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UTI Bank Exchange Traded Fund (UTI Bank ETF) (An Open-Ended Scheme Replicating/Tracking Nifty Bank Index) UTI Bank Exchange Traded Fund (UTI Bank ETF) (An open-ended scheme replicating/tracking Nifty Bank index) This product is suitable for investors who are seeking*: •Long term capital appreciation. •Investment in securities covered by Nifty Bank Index. * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENT CAREFULLY. Growth of Equity Exchange Traded Funds and Index Funds in India ETFs and Index Funds AUM as % of Total Industry AUM* ETF and Index Fund AUM Growth 10% 347,443 10% 308,689 7% 6% 162,393 144,788 % share% 4% 3% AUM in Rs. Crs. Rs. inAUM 81,873 2% 1% 52,574 14,093 22,608 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Period Period Major Growth Enablers • Retirement Funds are mandated to invest at least 5% of annual accretion in Equities. Many of them have opted Equity ETFs/Index Funds for equity investment. • Categorization and Rationalization of Mutual Fund Schemes by SEBI$ • Benchmarking of funds moved from Price Return Index (PRI) to Total Return Index (TRI). • Challenges in generating alpha due to improving efficiency of equity market and reducing information asymmetry. * Month End Asset Under Management (AUM). Source: MFI Explorer. $ with reference to circular number SEBI/HO/IMD/DF3/CIR/P/2017/114 SEBI - Securities and Exchange Board of India. TRI refers to index values which also account for dividends, whereas in case of Price Return Index (PRI), dividends distributed by companies forming part of an index are not considered. 2 What is an Equity Index? Rule Based Representation Indexing An Index is a rule based portfolio Indices represents certain Investing in a portfolio which is where, stocks/companies are characteristics of a market aligned to particular index. I.e. selected based on pre-defined segment, like market equity portfolio will hold same rules without any individual’s capitalization, sectors, themes, stocks and in same proportion as biases factors etc. represented by an Index. 3 Why Indexing? Easy to Understand Low Cost Low Risk It reduces the process Normally, index funds Helps in reducing un- of selection vis-à-vis and ETFs are systematic risk and an individual available at lower rewards for taking stock/fund. cost than actively systematic risk. managed funds. Market is efficient No Biases Zero Sum Game Movement in prices Elimination of Positive alpha* of one are based on new individual’s biases & market participant information and subjective opinion has to come from indices reflects the while picking negative alpha of collective stocks/funds another market interpretation by the participant various market participants * Alpha is difference between returns generated by a scheme and its benchmark. When a scheme generate more returns as compared to its benchmark is called positive alpha. When scheme generate less returns as compared to its benchmark, is called negative alpha. 4 Mutual Fund Products for Index Investment • Exchange Traded Funds (ETFs) and Index Funds, both can be used for Investing in an Index under Mutual Fund route. • Both are very similar from fund management perspective. • Major Differences: Features ETFs Index Funds Net Asset Value (NAV) Real Time End of the day Authorised Participants (APs) on stock Liquidity Provider@ exchange Only by Fund + Fund itself Portfolio Disclosure Daily Monthly Possible if investor has required inventory of Intraday Trading Not possible units Transaction costs are Cost effectiveness Each investor bears their own transaction cost spread across the fund Holding format Compulsory in Demat form Physical + Demat Controlled by investor as investor can suggest Investment decision Not applicable the price/NAV at which they want to transact @ - In case of ETFs the Scheme offers units for subscription / redemption directly with the Mutual Fund in multiple of creation unit size to Authorized Participants / Large Investors only. Investor can buy/sell ETF units in cash segment on secondary market of exchanges where it is listed in multiple of 1 unit. AMC may appoint APs for providing liquidity on exchanges. Please read scheme related documents for “creation unit size” 5 How Exchange Traded Fund works? ETFs are traded on exchange just like a normal stock Money Money Various investors, buying & selling ETF units on Secondary ETFs ETFs stock exchanges, creates natural liquidity. Market Buyers Stock Sellers Exchanges Generally, all trading and settlement rules applicable to a stock, are also applicable to ETFs. AMCs appoint Authorized Participants (APs) to provide additional liquidity. ETFs Money Money ETFs When there is high demand of units on exchanges, APs create units from AMCs and sell these units on exchanges. When there is high supply of units on *APs / LIs Primary exchanges, APs buy units on Market exchanges and redeem these units ETFs Money Money ETFs with AMCs. Fund House * AP – Authorized Participant. LIs – Large Investors. Fund House – Asset Management Company 6 How to Transact – ETFs v/s Index Funds Investor can get in touch with their stock Stock Exchanges ETF units can be held only in dematerialized broker or sub-broker to buy/sell ETFs through ETF Units (demat) form. The holding is reflected in their broking account, similar to transacting in demat statement available with demat a stock. participants where demat account is maintained Investor can get in touch with AMC or Mutual Index Fund units can be held in digital or Fund Distributors to buy/sell Index Fund similar dematerialized form. In case of digital to transacting in traditional open-ended holding, investor can get statement of mutual fund scheme account from AMC or its Registrar and Index Fund Transfer Agent. Fund House Additionally ETFs can be bought/sold through Asset Management Companies (AMCs) in multiple of creation unit size. 7 About ‘Nifty Bank’ Index@ Parameter Details Broad Selection Criteria* The index is designed to reflect the behavior and performance of the large and liquid banks. Number of constituents 12 Market Capitalization and Exposure$ Top 5 Stocks# Weights in % 2,458,255 HDFC BANK LTD. 28% ICICI BANK LTD 23% 11% Market Exposure STATE BANK OF INDIA 12% Cap in Rs. Rs. Crores in Cap Stocks - 789,129 KOTAK MAHINDRA BANK LTD. 12% M AXIS BANK LTD. 11% 61,414 11,546 Others 14% Total M-Cap of Index Median M-Cap M-Cap of Top M-Cap of Bottom Company Company Data as on July 30, 2021. @Nifty Bank Index is an index product of NSE Indices Limited (a subsidiary of National Stock Exchange of India (NSE) Limited). Source: www.niftyindices.com, Bloomberg. * Subject to other selection criteria defined under index construction methodology. $ Data based on Total Market Capitalization of companies. % Market Exposure = Total Market Cap of Index / Market cap of all listed companies in NSE. # 8 The Stocks referred in this literature are not an endorsement by the Mutual Fund and AMC of their soundness or a recommendation to buy or sell these stocks at any point of time. The name of companies are only for reference purpose. Nifty 50 Index Comparison – Returns Point to Point Annualized Returns Growth of Rs. 10,000 61% 34,031 32,524 44% 19,419 18,583 16,033 14,416 14,391 12,565 Returns in % inReturns Amount Rs. inAmount 13% 14% 13% 13% 13% 8% 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years Period Period Nifty 50 TRI Nifty Bank TRI Nifty 50 TRI Nifty Bank TRI Monthly Investment Annualized Returns Growth of Rs. 10,000 51% 2,532,795 2,548,620 48% 23% 17% 17% 914,483 Returns in % inReturns 831,154 13% 15% 15% Rs. inAmount 496,543 457,352 144,308 146,189 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years Period Period Nifty 50 TRI Nifty Bank TRI Nifty 50 TRI Nifty Bank TRI Data as on July 30, 2021. TRI i.e. ‘Total Return Index consider dividend issued by companies forming part of Index. Source: MFI Explorer. Returns are calculated considering last working day of the month. Returns over one year are of compounded annualized growth rate (CAGR). In case of monthly investment, we have assumed Rs.10,000 invested at month end closing price of total return index. Monthly return is calculated considering 9 RATE() function in MsExcel. Such monthly return is annualized. Investors cannot invest directly into an index. However, they can expect similar returns using ETF or Index Fund, subject to tracking error and cost. Returns over one year are of compounded annualized growth rate (CAGR). About UTI Bank Exchange Traded Fund Type of scheme Plans & Options@ Entry and Exit Load* An Open-ended N/A# NIL scheme replicating/tracking Nifty Bank Index Inception Codes September 04, 2020 ISIN: INF789F1AUV1 NSE Code: UTIBANKETF BSE: 543226 Bloomberg: UTBANETF # As this is an ETF product, there are no plans option available in this category. 10 REGISTERED OFFICE: UTI Tower, ‘GN’ Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051.Phone: 022 – 66786666. UTI Asset Management Company Ltd (Investment Manager for UTI Mutual Fund) Email: [email protected] . (CIN-U65991MH2002PLC137867). For more information, please contact the nearest UTI Financial Centre or your AMFI/NISM certified UTI Mutual Fund Independent Financial Advisor (IFA) for a copy of the Statement of Additional Information, Scheme Information Document and Key Information Memorandum cum Application Form. Disclaimers: The information on this document is provided for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.
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