The UTI Nifty500 Shariah Index Fund is a newly launched (February 2026) passive equity scheme in India. It is designed for investors who want to build wealth through the stock market while ensuring their investments adhere to Islamic principles (Shariah law). Quick Fund Snapshot • Benchmark Index: Nifty500 Shariah Total Return Index (TRI). • Investment Style: Passive. It simply mirrors the index by investing in the same stocks and weightings rather than having a fund manager pick individual stoc
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