UTI - Equity Savings Fund vs UTI Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI - Equity Savings Fund is an Equity Savings fund and UTI Retirement Fund is a Solution fund. In the 3 years to 30-10-2026, UTI - Equity Savings Fund (Direct) returned 8.1% a year and UTI Retirement Fund (Direct) returned 8.4% a year. UTI - Equity Savings Fund charges 1.04% a year and UTI Retirement Fund 1.16% (Direct plans). Their portfolios overlap 29.5%: they hold 32 of the same securities.
UTI - Equity Savings Fund
Equity Savings
- 3 year return
- 8.1%
- Expense ratio
- 1.04%
- NAV
- ₹20.08
Which is better, UTI - Equity Savings or UTI Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI - Equity Savings returned more over 5 years: 8.3% a year against 8.1%.
- UTI Retirement returned more over 3 years: 8.4% a year against 8.1%.
- UTI - Equity Savings costs less: 1.04% a year against 1.16% (Direct plans).
- UTI - Equity Savings swung less over 3 years: a standard deviation of 4.4% a year against 5.7%.
- UTI - Equity Savings fell less in its worst fall since 31-08-2018: −13.8% against −18.9%.
- UTI - Equity Savings holds more in large companies: 62.0% of the fund in large caps against 24.3%.
- UTI Retirement is the larger fund: ₹4,578 Cr against ₹804 Cr.
- Their portfolios overlap 29.5%: 32 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | UTI - Equity Savings Fund | UTI Retirement Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | UTI Mutual Fund |
| Category | Equity Savings | Solution |
| AUM | ₹804 Cr (30-09-2026) | ₹4,578 Cr (30-09-2026) |
| NAV | ₹20.08 (Direct) | ₹53.47 (Direct) |
| Expense ratio (Direct) | 1.04% | 1.16% |
| Expense ratio (Regular) | 2.06% | 1.63% |
| Riskometer | Moderately High | High |
| Benchmark | CRISIL Equity Savings Index | CRISIL Short Term Debt Hybrid 60+40 Index |
| Launch date | 30-08-2018 | 26-12-1994 |
| Minimum investment | Regular Plan-Quarterly Reinvestment of IDCW- Rs.5000, Regular Plan-Quarterly Payout of IDCW- Rs.5000, Direct Plan-Quarterly Reinvestment of IDCW- Rs.5000, Direct Plan-Quarterly Payout of IDCW- Rs.5000, Regular Plan-Monthly Reinvestment of IDCW- Rs.5000, R | Regular Plan-Growth- Rs.500, Direct Plan-Growth- Rs.500, |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3, Not Applicable FM 4 | Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3 |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Period of Holding *: (A) Less than one year – 1% (B) Greater than or equal to one year – Nil *Units shall not be under lock-in period. |
UTI - Equity Savings vs UTI Retirement: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| UTI - Equity Savings Fund (Direct) | +0.33% | −1.35% | +0.15% | +0.72% | +8.11% | +8.28% | -- |
| UTI Retirement Fund (Direct) | −0.57% | −3.07% | −0.47% | −1.80% | +8.43% | +8.14% | +8.70% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
UTI - Equity Savings vs UTI Retirement: Year-wise Returns
| Year | - Equity SavingsUTI - Equity Savings | RetirementUTI Retirement |
|---|---|---|
| 2026to date | −1.18% | −2.98% |
| 2025 | +9.55% | +6.70% |
| 2024 | +10.14% | +15.22% |
| 2023 | +16.68% | +17.44% |
| 2022 | +7.21% | +6.03% |
| 2021 | +14.98% | +19.32% |
UTI - Equity Savings vs UTI Retirement: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,272 of them, one for each trading day from 31-08-2021 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
UTI - Equity Savings Fund (Direct)
UTI Retirement Fund (Direct)
to
Jan 2022Dec 2019
to
Dec 2022Nov 2020
to
Nov 2023Sept 2021
to
Sept 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UTI - Equity Savings | 0.0 | 0.0 | 15.5 | 82.9 | 1.7 | 0.0 | 0.0 | 11.5% | 11.4% | 7.5% | 16.2% |
| UTI Retirement | 0.0 | 0.0 | 11.6 | 76.1 | 12.3 | 0.0 | 0.0 | 12.7% | 12.8% | 7.8% | 19.2% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 31-08-2018. Past returns do not promise future returns.
UTI - Equity Savings vs UTI Retirement: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 31-08-2018 to 30-10-2026: 99 instalments, ₹9,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| UTI - Equity SavingsUTI - Equity Savings Fund (Direct) | ₹9,90,000 | ₹14,51,351 | ₹4,61,351 | 9.1% |
| UTI RetirementUTI Retirement Fund (Direct) | ₹9,90,000 | ₹14,64,598 | ₹4,74,598 | 9.3% |
UTI - Equity SavingsUTI - Equity Savings Fund (Direct)
UTI RetirementUTI Retirement Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
UTI - Equity Savings vs UTI Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI - Equity Savings Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.72% | −1.80% |
| Standard deviation | 5.20% | 5.94% |
| Sharpe ratio | -0.87 | -1.19 |
| Sortino ratio | -1.16 | -1.59 |
| Maximum drawdown | −4.9% (30-03-2026) | −6.3% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | UTI - Equity Savings Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.11% | +8.43% |
| Standard deviation | 4.43% | 5.75% |
| Sharpe ratio | 0.47 | 0.42 |
| Sortino ratio | 0.67 | 0.57 |
| Maximum drawdown | −4.9% (30-03-2026) | −6.3% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | UTI - Equity Savings Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.28% | +8.14% |
| Standard deviation | 4.78% | 5.74% |
| Sharpe ratio | 0.52 | 0.41 |
| Sortino ratio | 0.73 | 0.55 |
| Maximum drawdown | −5.1% (20-06-2022) | −6.3% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | UTI - Equity Savings Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.90% | +8.10% |
| Standard deviation | 5.72% | 7.35% |
| Sharpe ratio | 0.64 | 0.28 |
| Sortino ratio | 0.87 | 0.34 |
| Maximum drawdown | −13.8% (23-03-2020) | −18.9% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 31-08-2018 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
UTI - Equity Savings Fund (Direct)
UTI Retirement Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI - Equity Savings Fund (Direct) | −13.8% | 24-01-2020 | 23-03-2020 | 10-08-2020 | 5 months | −2.4% |
| UTI Retirement Fund (Direct) | −18.9% | 03-06-2019 | 23-03-2020 | 27-08-2020 | 5 months | −3.9% |
From daily values since 31-08-2018, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
UTI - Equity Savings Fund (Direct)
UTI Retirement Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
UTI - Equity Savings Fund (Direct)
UTI Retirement Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
UTI - Equity Savings Fund (Direct)
UTI Retirement Fund (Direct)
UTI - Equity Savings vs UTI Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: UTI - Equity Savings Fund, September 2026; UTI Retirement Fund, September 2026
Holdings in common
- Overlap
- 29.5%
- Held by both
- 32
- Only in UTI - Equity Savings
- 21
- Only in UTI Retirement
- 88
| Security | % of UTI - Equity Savings | % of UTI Retirement |
|---|---|---|
| EQ - HDFC BANK LIMITED | 4.65% | 3.19% |
| 07.32% GSEC MAT -13/11/2030 | 8.21% | 3.11% |
| EQ - ICICI BANK LTD | 3.17% | 2.96% |
| EQ - RELIANCE INDUSTRIES LTD. | 2.83% | 2.12% |
| EQ - LARSEN & TOUBRO LTD. | 2.35% | 1.53% |
| EQ - STATE BANK OF INDIA | 3.27% | 1.33% |
| EQ - ITC LTD. | 1.38% | 1.33% |
| EQ - INFOSYS LTD. | 1.04% | 1.96% |
| EQ - BHARTI AIRTEL LTD. | 3.33% | 0.93% |
| EQ - SHRIRAM FINANCE LTD | 1.03% | 0.83% |
| EQ - POWER GRID CORPORATION OF INDI | 0.83% | 1.08% |
| EQ - MAHINDRA & MAHINDRA LTD. | 3.81% | 0.79% |
| EQ - COAL INDIA LTD. | 0.90% | 0.77% |
| EQ - LIC OF INDIA | 0.80% | 0.69% |
| EQ - HERO MOTOCORP LTD. | 0.82% | 0.67% |
| EQ - VEDANTA ALUMINIUM METAL LTD. | 1.01% | 0.66% |
| EQ - INDUS TOWERS LIMITED | 1.27% | 0.63% |
| EQ - AUROBINDO PHARMA LTD. | 1.07% | 0.60% |
| EQ - OIL & NATURAL GAS CORPORATION | 0.85% | 0.55% |
| EQ - INTERGLOBE AVIATION LTD | 1.02% | 0.53% |
| EQ - WIPRO LIMITED | 0.52% | 0.67% |
| EQ - HCL TECHNOLOGIES LTD. | 0.79% | 0.50% |
| EQ - GRASIM INDUSTRIES LTD. | 3.43% | 0.47% |
| EQ - TATA POWER COMPANY LTD. | 0.81% | 0.46% |
| REIT- KNOWLEDGE REALTY TRUST REIT | 0.99% | 0.44% |
| REIT- NEXUS SELECT TRUST | 0.82% | 0.38% |
| EQ - INDUSIND BANK | 0.99% | 0.37% |
| INVIT - IRB INVIT FUND | 2.73% | 0.36% |
| EQ - TATA MOTORS LTD | 0.68% | 0.35% |
| EQ - DR REDDYS LABORATORIES LTD. | 0.54% | 0.32% |
| EQ - NATIONAL STOCK EXCHANGE OF INDIA LIMITED | 0.35% | 0.12% |
| INVIT - INDUS INFRA TRUST | 1.75% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.5% means 29.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in UTI - Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.04% GSEC MAT- 03/06/2029 | 5.85% |
| EQ - AXIS BANK LTD. | 5.13% |
| EQ - KOTAK MAHINDRA BANK LTD. | 3.65% |
| 7.06% GS MAT - 10/04/2028 | 2.51% |
| EQ - BAJAJ FINANCE LTD. | 2.28% |
Largest holdings only in UTI Retirement Fund
| Security | % of fund |
|---|---|
| 07.18% GSEC MAT -24/07/2037 | 6.20% |
| 7.24% GSEC MAT- 18/08/2055 | 3.11% |
| CP EXPORT IMPORT BANK OF INDIA | 2.12% |
| MF UNITS UTI - FLOATER FUND | 1.75% |
| NCD POWER FINANCE CORPORATION LTD. | 1.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI - Equity Savings | UTI Retirement |
|---|---|---|
| Equity | 66.0% | 36.7% |
| Debt | 16.6% | 45.3% |
| Cash and others | 17.4% | 18.1% |
Market cap of stocks
| Market cap | UTI - Equity Savings | UTI Retirement |
|---|---|---|
| Large Cap | 62.0% | 24.3% |
| Mid Cap | 3.7% | 6.1% |
| Small Cap | 0.0% | 6.2% |
| Not on AMFI's list | 0.3% | 0.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | UTI - Equity Savings | UTI Retirement |
|---|---|---|
| Banks | 20.9% | 8.1% |
| Automobiles | 7.5% | 1.5% |
| Telecom - Services | 4.6% | 1.6% |
| Finance | 4.2% | 1.6% |
| Cement & Cement Products | 3.4% | 0.5% |
| IT - Software | 3.4% | 3.1% |
| Petroleum Products | 2.8% | 2.1% |
| Pharmaceuticals & Biotechnology | 2.3% | 2.6% |
| Construction | 2.4% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
UTI - Equity Savings vs UTI Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI - Equity Savings Fund | UTI Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 1.16% |
| Base expense ratio (Direct) | 0.62% | 0.94% |
| Total expense ratio (Regular) | 2.06% | 1.63% |
| Base expense ratio (Regular) | 1.52% | 1.36% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
UTI - Equity Savings Fund vs UTI Retirement Fund: Frequently Asked Questions
What is the difference between UTI - Equity Savings Fund and UTI Retirement Fund?
UTI - Equity Savings Fund is an Equity Savings fund, UTI Retirement Fund is a Solution fund, run by UTI Mutual Fund. Their portfolios overlap 29.5%. UTI - Equity Savings Fund charges 1.04% a year and UTI Retirement Fund 1.16%.
Which has given higher returns, UTI - Equity Savings Fund or UTI Retirement Fund?
Over 1 year: UTI - Equity Savings Fund +0.72%, UTI Retirement Fund −1.80%. Over 3 years: UTI - Equity Savings Fund +8.11% a year, UTI Retirement Fund +8.43% a year. Over 5 years: UTI - Equity Savings Fund +8.28% a year, UTI Retirement Fund +8.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI - Equity Savings Fund or UTI Retirement Fund?
UTI - Equity Savings Fund charges less: 1.04% a year against 1.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI - Equity Savings Fund and UTI Retirement Fund overlap?
29.5%. They hold 32 of the same securities, the largest shared ones being HDFCBANK, 07.32% GSEC MAT -13/11/2030, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, UTI - Equity Savings Fund or UTI Retirement Fund?
On SEBI's riskometer, UTI - Equity Savings Fund is rated Moderately High and UTI Retirement Fund High. Over 3 years, the standard deviation of daily returns was 4.43% and 5.75% a year.
Which is better for SIP, UTI - Equity Savings Fund or UTI Retirement Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,37,975 in UTI - Equity Savings Fund (XIRR 7.4% a year) and ₹7,30,976 in UTI Retirement Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both UTI - Equity Savings Fund and UTI Retirement Fund?
Yes. 29.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages UTI - Equity Savings Fund and UTI Retirement Fund?
UTI - Equity Savings Fund: Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3, Not Applicable FM 4. UTI Retirement Fund: Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.