Index Funds/Exchange Traded Fund (ETF) Schemes
      UTI Nifty Next 50 Index Fund
      (An open ended scheme replicating/tracking the Nifty Next 50 index)
      This product is suitable for investors who are seeking*:
      •Capital growth in tune with the index returns                                                                                                                         Fund:                       Benchmark:
                                                                                                                                                                     UTI Nifty Next 50 ETF               Nifty Next 50
      •Passive investment in equity instruments comprised in Nifty Next 50 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%          11%                                                                                                      390,272
                                                                                                                                                                                                        308,689
                                                                                    7%                                Crs.
                  re                                                    6%                                            s. 
                  sha                                                                                                 Rn 
                                                                                                                      i                                                       144,788      162,393
                  %                                         4%                                                        UM
                                                3%                                                                    A
                                   2%                                                                                                                            81,873
                       1%                                                                                                                           52,574
                                                                                                                          14,093       22,608
                     Mar-15       Mar-16      Mar-17      Mar-18      Mar-19      Mar-20      Mar-21      Aug-21          Mar-15       Mar-16       Mar-17       Mar-18       Mar-19       Mar-20       Mar-21       Aug-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 
      2       also account for dividends, whereas in case of Price Return Index (PRI), dividends distributed by companies forming part of an index are not considered.
          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.
                                                                                   managedfunds.
                                                   Zero Sum Game                                                       Market is efficient                                                        No Biases
                                                Positive alpha* of one                                                Movement in prices                                                   Elimination                 of
                                                market          participant                                           are based on new                                                     individual’s biases &
                                                has to come from                                                      information              and                                         subjective           opinion
                                                negative         alpha       of                                       indices      reflects     the                                        while                picking
                                                another               market                                          collective                                                           stocks/funds
                                                participant                                                           interpretation by the
                                                                                                                      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 
     4        compared to its benchmark, is called negative alpha.