UTI Nifty Midcap 150 Index Fund Review – UTI Nifty Midcap 150 Index Fund Review Direct NFO Open on 11 November 2024 and Close on 25 November 2024. UTI Nifty Midcap 150 Index Fund Direct NFO Allotment Date is 28 November 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1,000. The Minimum SIP Investment Amount is ₹500.
Type of the Scheme
An open-ended scheme replicating/tracking Nifty Midcap 150 TRI.
Scheme Benchmark : Nifty Midcap 150 TRI
UTI Nifty Midcap 150 Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| Suzlon Energy Ltd. | 2.38 |
| Max Healthcare Institute Ltd. | 2.26 |
| BSE Ltd. | 1.81 |
| Indian Hotels Co. Ltd. | 1.78 |
| Persistent Systems Ltd. | 1.71 |
| PB Fintech Ltd. | 1.61 |
| Dixon Technologies (India) Ltd. | 1.59 |
| Lupin Ltd. | 1.58 |
| Coforge Ltd. | 1.52 |
| Federal Bank Ltd. | 1.49 |
UTI Nifty Midcap 150 Index Fund Important Date
| Scheme Offer | UTI Nifty Midcap 150 Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 11 Nov 2024 |
| Close Date | 25 Nov 2024 |
| Allotment Date | 28 Nov 2024 |
| Category | Equity Index Fund |
| Min Inv ₹ | ₹1,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty Midcap 150 TRI |
Investment Objective of the Scheme ?
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. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
UTI Nifty Midcap 150 Index Fund Other Details
| Exit Load | N/A |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 1,000 |
| Min. SIP | Rs. 500 |
UTI Nifty Midcap 150 Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity related Securities of companies constituting Nifty Alpha Low-Volatility 30 Index | 95% | 100% |
| Debt / Money Market instruments including Triparty Repo on Government Securities or treasury bill and units of Liquid Mutual Fund | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Mr. Sharwan Kumar Goyal
Qualification : B.Com, MMS, CFA,
Experience : He began his career with UTI AMC in June 2006 and has 18 years of overall experience in Risk / Fund management. Presently he is working as Equity Fund Manager & Head of Passive, Arbitrage & Quant Strategies.
Fund Manger : Mr. Ayush Jain
Qualification : CA, B.Com (Tax)
Experience : He is a manager and designated as Assistant Fund Manager at UTI AMC Ltd. He is a Chartered Accountant holding charter from Institute of Chartered Accountants of India and B.COM from DAVI Ahilya University. He began his career with UTI AMC Ltd in April, 2018 and has over 6 years of experience in Equity Fund Management, Equity Research, Equity
Portfolio Analysis & Portfolio Management Services.
UTI Nifty Midcap 150 Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 20.37 |
| Capital Goods | 14.57 |
| Healthcare | 11.03 |
| Automobile and Auto Components | 8.18 |
| Information Technology | 7.15 |
| Chemicals | 6.74 |
| Fast Moving Consumer Goods | 4.22 |
| Consumer Durables | 3.90 |
| Consumer Services | 3.55 |
| Oil, Gas & Consumable Fuels | 3.40 |
| Realty | 3.36 |
| Metals & Mining | 2.80 |
| Telecommunication | 2.71 |
| Services | 2.29 |
| Construction Materials | 1.45 |
| Power | 1.41 |
| Construction | 1.11 |
| Textiles | 1.05 |
| Diversified | 0.51 |
| Media, Entertainment & Publication | 0.19 |
UTI Nifty Midcap 150 Index Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -6.72 | 22.25 | 43.32 | 27.48 | 16.77 |
| Total Return | -6.70 | 22.83 | 44.15 | 28.49 | 18.17 |
Where Will the Scheme Invest ?
- The net assets of the scheme will be invested in stocks constituting the underlying index. This would be done by investing in the stocks comprising the index. The scheme shall endeavour to maintain the same weightage they represent in the index or investing in derivatives on the said index. The Scheme may take an exposure to equity derivatives of constituents of the underlying index for short duration when securities of the index are unavailable, insufficient or for rebalancing at the time of change in index or in case of
corporate actions or for hedging purposes, as permitted subject to rebalancing within 7 days. - Money market instruments rated not below investment grade [as permitted by SEBI and or RBI (including CPs, CDs and Triparty Repo on Government Securities or treasury bills).
- Derivatives traded on recognized stock exchanges, only for hedging and portfolio balancing with
underlying as securities. - Units of Liquid Mutual Fund.
- Pending deployment of funds, in short term deposits with Scheduled Commercial banks.
- Such other securities/assets as may be permitted by the SEBI from time to time subject to Regulatory approval if any.
Also Read: UTI Nifty Alpha Low-Volatility 30 Index Fund Review
UTI Nifty Midcap 150 Index Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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