UTI - Nifty Next 50 Index Fund - Direct Plan - Growth
UTI Mutual Fund
Index Funds - Equity Funds
Best SIP day: the 24th.
Best SIP day for this fund
The 24th
Thin edgeThe 24th had the highest full-history XIRR for this fund. Dates in this fund have differed by up to 0.28 pp, but not consistently, so the pattern may not hold.
Why the 24th
- Highest return of all 28 dates13.725%
Full-history XIRR, 0.20 pp above the middle of the month (13.524%).
- How far apart the 28 dates are0.28 pp
From the 9th (13.446%) up to the 24th. Wider than the 0.25 pp a date effect needs, but the order of dates didn't hold (0.37, needs 0.6).
- What the spread is worth₹12,187
Between the highest- and lowest-value dates (the 22nd and the 9th) on a notional ₹10,000 a month: 0.7% of the ₹17.7 lakh it grew to over 8.3 years.
Missing one instalment costs more than picking this date over a typical one.
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
Higher than todayLower than todayTodayBest dayNot a SIP date
Each SIP date shows its full-history XIRR. Dates shaded as “higher than today” beat today’s date; the other shade fell short. Weakest to strongest across all 28 is 0.28 pp, and the deeper the fill, the further from today’s figure that date sat. Tap a date (1–28) to compare it with the named day; that does not change the answer.
Loading the calendarDoes not change the named day.
What to keep in mind
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
The date with the highest return and the date that ended with the most money are not the same date here. When two measures of the same question disagree, the difference between the dates is noise.