UTI Retirement Fund vs UTI - Unit Linked Insurance Plan
Direct Plan, Growth option · Data as on 30-10-2026
UTI Retirement Fund is a Solution fund and UTI - Unit Linked Insurance Plan is a Balanced Advantage fund. In the 3 years to 30-10-2026, UTI Retirement Fund (Direct) returned 8.4% a year and UTI - Unit Linked Insurance Plan (Direct) returned 7.8% a year. UTI Retirement Fund charges 1.16% a year and UTI - Unit Linked Insurance Plan 1.11% (Direct plans). Their portfolios overlap 37.0%: they hold 44 of the same securities.
UTI - Unit Linked Insurance Plan
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.11%
- NAV
- ₹45.91
Which is better, UTI Retirement or UTI - Unit Linked Insurance Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Retirement returned more over 5 years: 8.1% a year against 5.7%.
- UTI Retirement returned more over 3 years: 8.4% a year against 7.8%.
- UTI - Unit Linked Insurance Plan costs less: 1.11% a year against 1.16% (Direct plans).
- UTI - Unit Linked Insurance Plan swung less over 3 years: a standard deviation of 5.6% a year against 5.7%.
- UTI - Unit Linked Insurance Plan fell less in its worst fall since 09-01-2013: −17.9% against −18.9%.
- UTI - Unit Linked Insurance Plan is the larger fund: ₹4,930 Cr against ₹4,578 Cr.
- Their portfolios overlap 37.0%: 44 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 Retirement Fund | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Fund house | UTI Mutual Fund | UTI Mutual Fund |
| Category | Solution | Balanced Advantage |
| AUM | ₹4,578 Cr (30-09-2026) | ₹4,930 Cr (30-09-2026) |
| NAV | ₹53.47 (Direct) | ₹45.91 (Direct) |
| Expense ratio (Direct) | 1.16% | 1.11% |
| Expense ratio (Regular) | 1.63% | 1.60% |
| Riskometer | High | High |
| Benchmark | CRISIL Short Term Debt Hybrid 60+40 Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 26-12-1994 | 01-10-1971 |
| Minimum investment | Regular Plan-Growth- Rs.500, Direct Plan-Growth- Rs.500, | Minimum target amount under the scheme is 15000 which is required to be invested over 10/15 year period. |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3 | Anurag Mittal FM 1, Ajay Tyagi FM 2, Kamal Gada FM 3 Mr. Akash Shah FM 4 |
| Exit load | 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. | If withdrawn prematurely – 2% On or after maturity – Nil |
UTI Retirement vs UTI - Unit Linked Insurance Plan: 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 Retirement Fund (Direct) | −0.57% | −3.07% | −0.47% | −1.80% | +8.43% | +8.14% | +8.70% |
| UTI - Unit Linked Insurance Plan (Direct) | −0.03% | −2.17% | +3.96% | −0.53% | +7.84% | +5.73% | +7.58% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
UTI Retirement vs UTI - Unit Linked Insurance Plan: Year-wise Returns
| Year | RetirementUTI Retirement | - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan |
|---|---|---|
| 2026to date | −2.98% | +0.38% |
| 2025 | +6.70% | +5.12% |
| 2024 | +15.22% | +12.24% |
| 2023 | +17.44% | +12.76% |
| 2022 | +6.03% | −1.60% |
| 2021 | +19.32% | +15.42% |
UTI Retirement vs UTI - Unit Linked Insurance Plan: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,661 of them, one for each trading day from 11-01-2016 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 Retirement Fund (Direct)
UTI - Unit Linked Insurance Plan (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UTI Retirement | 1.5 | 14.7 | 26.0 | 51.9 | 5.9 | 0.0 | 0.0 | 9.9% | 10.5% | −2.4% | 19.2% |
| UTI - Unit Linked Insurance Plan | 0.2 | 12.2 | 60.3 | 27.4 | 0.0 | 0.0 | 0.0 | 8.4% | 8.8% | −0.7% | 14.9% |
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 09-01-2013. Past returns do not promise future returns.
UTI Retirement vs UTI - Unit Linked Insurance Plan: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| UTI RetirementUTI Retirement Fund (Direct) | ₹16,60,000 | ₹31,94,695 | ₹15,34,695 | 9.0% |
| UTI - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan (Direct) | ₹16,60,000 | ₹28,98,406 | ₹12,38,406 | 7.7% |
UTI RetirementUTI Retirement Fund (Direct)
UTI - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan (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 Retirement vs UTI - Unit Linked Insurance Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI Retirement Fund (Direct) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | −1.80% | −0.53% |
| Standard deviation | 5.94% | 6.39% |
| Sharpe ratio | -1.19 | -0.90 |
| Sortino ratio | -1.59 | -1.23 |
| Maximum drawdown | −6.3% (30-03-2026) | −8.2% (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 Retirement Fund (Direct) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +8.43% | +7.84% |
| Standard deviation | 5.75% | 5.63% |
| Sharpe ratio | 0.42 | 0.32 |
| Sortino ratio | 0.57 | 0.46 |
| Maximum drawdown | −6.3% (30-03-2026) | −8.2% (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 Retirement Fund (Direct) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +8.14% | +5.73% |
| Standard deviation | 5.74% | 5.69% |
| Sharpe ratio | 0.41 | -0.01 |
| Sortino ratio | 0.55 | -0.02 |
| Maximum drawdown | −6.3% (30-03-2026) | −9.7% (17-06-2022) |
| 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 Retirement Fund (Direct) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +8.10% | +7.05% |
| Standard deviation | 7.35% | 7.17% |
| Sharpe ratio | 0.28 | 0.14 |
| Sortino ratio | 0.34 | 0.17 |
| Maximum drawdown | −18.9% (23-03-2020) | −17.9% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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 Retirement Fund (Direct)
UTI - Unit Linked Insurance Plan (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI Retirement Fund (Direct) | −18.9% | 03-06-2019 | 23-03-2020 | 27-08-2020 | 5 months | −3.9% |
| UTI - Unit Linked Insurance Plan (Direct) | −17.9% | 12-02-2020 | 23-03-2020 | 16-09-2020 | 6 months | −3.4% |
From daily values since 09-01-2013, 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 Retirement Fund (Direct)
UTI - Unit Linked Insurance Plan (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 Retirement Fund (Direct)
UTI - Unit Linked Insurance Plan (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 Retirement Fund (Direct)
UTI - Unit Linked Insurance Plan (Direct)
UTI Retirement vs UTI - Unit Linked Insurance Plan: Portfolio Overlap
From each fund's latest monthly portfolio: UTI Retirement Fund, September 2026; UTI - Unit Linked Insurance Plan, September 2026
Holdings in common
- Overlap
- 37.0%
- Held by both
- 44
- Only in UTI Retirement
- 76
- Only in UTI - Unit Linked Insurance Plan
- 64
| Security | % of UTI Retirement | % of UTI - Unit Linked Insurance Plan |
|---|---|---|
| 07.18% GSEC MAT -24/07/2037 | 6.20% | 8.09% |
| 07.32% GSEC MAT -13/11/2030 | 3.11% | 4.12% |
| 7.24% GSEC MAT- 18/08/2055 | 3.11% | 2.60% |
| EQ - ICICI BANK LTD | 2.96% | 2.53% |
| EQ - HDFC BANK LIMITED | 3.19% | 2.03% |
| NCD POWER FINANCE CORPORATION LTD. | 1.61% | 1.50% |
| 07.32% RAJASTHAN SGS Mat - 24/09/2035 | 1.20% | 1.13% |
| NCD REC LTD | 1.09% | 1.01% |
| 06.94% GSEC Mat- 11/05/2036 | 1.08% | 1.00% |
| NCD SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.08% | 1.00% |
| 6.82% ANDHRA SGS MAT -04/06/2036 | 1.01% | 0.94% |
| EQ - BHARTI AIRTEL LTD. | 0.93% | 1.46% |
| EQ - MAHINDRA & MAHINDRA LTD. | 0.79% | 1.04% |
| 6.99% WB SDL MAT - 29/09/2036 | 0.82% | 0.76% |
| EQ - INFO-EDGE (INDIA) LTD. | 0.56% | 1.55% |
| 08.20% PTC- INDIA UNIVERSAL TRUST AL1-SERIES A3 | 0.55% | 0.65% |
| NCD INDIAN RAILWAY FINANCE CORPORATION LIMITED | 0.54% | 2.01% |
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 0.54% | 0.61% |
| EQ - AJANTA PHARMA LTD. | 0.53% | 0.92% |
| CD - SMALL INDST. DEV. BANK OF INDIA - 28/01/2027 | 0.53% | 0.99% |
| NCD INDIAN RAILWAY FINANCE CORPORATION LIMITED | 1.09% | 0.51% |
| NCD REC LTD | 0.55% | 0.51% |
| NCD ADITYA BIRLA CAPITAL LTD | 1.09% | 0.50% |
| NCD INDIAN RAILWAY FINANCE CORPORATION LIMITED | 0.54% | 0.50% |
| NCD BAJAJ FINANCE LTD. | 0.54% | 0.50% |
| NCD POONAWALLA FINCORP LTD. | 0.54% | 0.50% |
| NCD SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 0.54% | 0.50% |
| NCD AXIS FINANCE LTD | 0.54% | 0.50% |
| 7.65% MADHYAPRADESH SGS Mat - 11/03/2040 | 0.53% | 0.50% |
| CD - CANARA BANK - 28/01/2027 | 0.53% | 0.50% |
| 6.28% GSEC MAT- 14/07/2032 | 1.58% | 0.49% |
| 07.23% RAJASTHAN SGS Mat - 23/10/2035 | 0.52% | 0.49% |
| 6.96% AP SDL MAT - 06/08/2034 | 0.52% | 0.48% |
| 7.08% A P SGL MAT - 26/03/2037 | 0.51% | 0.48% |
| NCD PIRAMAL FINANCE LIMITED | 0.33% | 0.43% |
| NCD GODREJ SEEDS AND GENETICS LIMITED | 0.27% | 0.25% |
| NCD GODREJ SEEDS AND GENETICS LIMITED | 0.27% | 0.25% |
| EQ - ROSSARI BIOTECH LTD | 0.13% | 0.12% |
| MF UNITS Nifty 5 yr Benchmark G-Sec ETF ETF | 0.12% | 0.12% |
| MF UNITS Nifty 10 yr Benchmark G-Sec ETF ETF | 0.10% | 0.12% |
| 07.73% HARYANA SGS Mat - 18/02/2045 | 0.08% | 0.04% |
| 7.48% UTTAR PRADESH SDL 20/03/2036 | 0.04% | 0.59% |
| MF UNITS UTI BSE India Sector Leaders Exchange Traded Fund ETF | 0.04% | 0.03% |
| 7.19% MAHARASHTRA SDL-27/02/2040 | 0.01% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.0% means 37.0% 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 Retirement Fund
| Security | % of fund |
|---|---|
| EQ - RELIANCE INDUSTRIES LTD. | 2.12% |
| CP EXPORT IMPORT BANK OF INDIA | 2.12% |
| EQ - INFOSYS LTD. | 1.96% |
| MF UNITS UTI - FLOATER FUND | 1.75% |
| EQ - LARSEN & TOUBRO LTD. | 1.53% |
Largest holdings only in UTI - Unit Linked Insurance Plan
| Security | % of fund |
|---|---|
| EQ - ETERNAL LIMITED | 2.89% |
| NCD MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD | 2.53% |
| EQ - BAJAJ FINANCE LTD. | 2.34% |
| CP BAJAJ FINANCIAL SECURITIES LTD | 1.98% |
| EQ - TITAN COMPANY LTD. | 1.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI Retirement | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Equity | 36.7% | 38.0% |
| Debt | 45.3% | 53.3% |
| Cash and others | 18.1% | 8.7% |
Market cap of stocks
| Market cap | UTI Retirement | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Large Cap | 24.3% | 23.8% |
| Mid Cap | 6.1% | 10.7% |
| Small Cap | 6.2% | 3.5% |
| Not on AMFI's list | 0.1% | 0.0% |
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 Retirement | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Banks | 8.1% | 6.5% |
| Retailing | 0.6% | 6.7% |
| Consumer Durables | 0.4% | 4.3% |
| IT - Software | 3.1% | 4.0% |
| Pharmaceuticals & Biotechnology | 2.6% | 3.4% |
| Automobiles | 1.5% | 2.8% |
| Finance | 1.6% | 2.6% |
| Petroleum Products | 2.1% | 0.0% |
| Construction | 1.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
UTI Retirement vs UTI - Unit Linked Insurance Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI Retirement Fund | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Total expense ratio (Direct) | 1.16% | 1.11% |
| Base expense ratio (Direct) | 0.94% | 0.92% |
| Total expense ratio (Regular) | 1.63% | 1.60% |
| Base expense ratio (Regular) | 1.36% | 1.37% |
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
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UTI Retirement Fund vs UTI - Unit Linked Insurance Plan: Frequently Asked Questions
What is the difference between UTI Retirement Fund and UTI - Unit Linked Insurance Plan?
UTI Retirement Fund is a Solution fund, UTI - Unit Linked Insurance Plan is a Balanced Advantage fund, run by UTI Mutual Fund. Their portfolios overlap 37.0%. UTI Retirement Fund charges 1.16% a year and UTI - Unit Linked Insurance Plan 1.11%.
Which has given higher returns, UTI Retirement Fund or UTI - Unit Linked Insurance Plan?
Over 1 year: UTI Retirement Fund −1.80%, UTI - Unit Linked Insurance Plan −0.53%. Over 3 years: UTI Retirement Fund +8.43% a year, UTI - Unit Linked Insurance Plan +7.84% a year. Over 5 years: UTI Retirement Fund +8.14% a year, UTI - Unit Linked Insurance Plan +5.73% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI Retirement Fund or UTI - Unit Linked Insurance Plan?
UTI - Unit Linked Insurance Plan charges less: 1.11% a year against 1.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI Retirement Fund and UTI - Unit Linked Insurance Plan overlap?
37.0%. They hold 44 of the same securities, the largest shared ones being 07.18% GSEC MAT -24/07/2037, 07.32% GSEC MAT -13/11/2030, 7.24% GSEC MAT- 18/08/2055. From each fund's latest monthly portfolio.
Which is riskier, UTI Retirement Fund or UTI - Unit Linked Insurance Plan?
On SEBI's riskometer, UTI Retirement Fund is rated High and UTI - Unit Linked Insurance Plan High. Over 3 years, the standard deviation of daily returns was 5.75% and 5.63% a year.
Which is better for SIP, UTI Retirement Fund or UTI - Unit Linked Insurance Plan?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,30,976 in UTI Retirement Fund (XIRR 7.1% a year) and ₹7,14,591 in UTI - Unit Linked Insurance Plan (XIRR 6.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both UTI Retirement Fund and UTI - Unit Linked Insurance Plan?
Yes. 37.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages UTI Retirement Fund and UTI - Unit Linked Insurance Plan?
UTI Retirement Fund: Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3. UTI - Unit Linked Insurance Plan: Anurag Mittal FM 1, Ajay Tyagi FM 2, Kamal Gada FM 3 Mr. Akash Shah FM 4.
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.