UTI Nifty500 Shariah Index Fund

UTI Nifty 500 Shariah Index Fund aims to track the returns of the Nifty 500 Shariah Index, subject to tracking error. The index comprises companies from the Nifty 500 universe screened as per Shariah guidelines. The stocks are screened based on Financial and Business filters, leading to exclusion of non-permissible businesses. The fund provides diversified exposure across large, mid and small-cap companies. It follows a passive strategy by replicating the index and is periodically rebalanced to stay aligned. Designed as a cost-efficient option, it enables long-term market-linked growth with values-based investing

Disclaimer -While the fund invests only in Shariah-compliant stocks, some residual interest may remain. To ensure Shariah compliance, this interest will be calculated by Taqwaa Advisory & Shariah Investment Solutions (TASIS) and purged (donated to charity) by Investors. Investors may refer the below link on the purification process.

 Link - https://www.tasis.in/services/purging