UTI Nifty Midcap 150 Index Fund Direct Growth

UTI Nifty Midcap 150 Index Fund Direct Growth is an equity fund. This fund was started on 28 November, 2024. The fund is managed by Sharwan Kumar Goyal. The fund could potentially beat inflation in the long-run.

1. UTI Nifty Midcap 150 Index Fund Direct Growth has ₹42 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

UTI Nifty Midcap 150 Index Fund Direct Growth has given a CAGR return of -8.61% since inception.

UTI Nifty Midcap 150 Index Fund Direct Growth has allocated its funds majorly in Financial Services, Industrial, Consumer Cyclical, Health, Basic Materials, Tech, Consumer Defensive, Real Estate, Communication, Energy, Utilities. Its top holdings are Max Healthcare Institute Ltd Ordinary Shares, Indian Hotels Co Ltd, BSE Ltd, Suzlon Energy Ltd, Persistent Systems Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The Investment objective of the Scheme is to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. UTI Nifty Midcap 150 Index Fund Direct Growth has no lock in period.