UTI Nifty Midcap 150 Quality 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
UTI Nifty Midcap 150 Quality 50 Index Fund Direct Growth Plan closed at ₹13.8117 on 16 Sep 2026, with scheme AUM of ₹270 Cr. Its 1-year, 3-year and 5-year returns are -6.15%, 7.08% and 0% respectively, and the scheme sits in the High Risk bucket. Our view is that this is a fund for investors who can tolerate sharp swings and want index-style midcap exposure, but recent weakness means it has not delivered a smooth path even though the 3-year figure is better than the 1-year reading.
The portfolio leans on quality names across consumer, finance, technology and healthcare, which may help explain why the longer-term pattern is different from the more recent slide. The key question is not whether the fund can move with the midcap segment — it clearly can — but whether an investor is comfortable with a volatile return pattern and a relatively concentrated set of leading holdings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.8117 as of 16 Sep 2026 |
| AUM | ₹270 Cr |
| Expense Ratio | 0.58% |
| Launch Date | 11 Apr 2022 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Sharwan Kumar Goyal, Ayush Jain, Lokesh Kulthia |
The fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -6.39% | -4.41% |
| 3M | -4.31% | -3.60% |
| 1Y | -6.15% | -7.76% |
| 3Y | 7.08% | 5.74% |
| 5Y | Data not available | Data not available |
The recent picture is weak. The 1-month and 3-month returns are both negative, which tells us the fund has been under pressure in the short run rather than steadily recovering. That is important because a midcap quality index strategy is usually expected to move around more than a broad large-cap fund, and this one has not escaped that pattern.
Over the 1-year period, the fund still sits in negative territory, but it did hold up better than the benchmark over that same window. That suggests the portfolio has not been immune to the broader drawdown, yet it has been somewhat more resilient than the benchmark on a 12-month view.
The 3-year return is the clearest longer-term positive point. It is higher than the benchmark over the same period, which implies the fund has done a better job of compounding across a full market cycle than the index it is being measured against. Even so, the recent pullback shows the path has not been smooth, so the longer-term gain has come with noticeable volatility.
There is no 5-year history available here because the fund has not been live long enough for that window. For investors, that means the fund can be assessed on its shorter track record, where the message is mixed: better than benchmark on 1-year and 3-year figures, but still clearly exposed to near-term market swings.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD UTI Nifty Midcap 150 Quality 50 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding UTI Nifty Midcap 150 Quality 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| UTI Nifty Midcap 150 Quality 50 Index Fund Direct Growth Plan | -6.15% | 7.08% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is well below the peer set shown here, while its 3-year return is also modest next to the stronger longer-term figures available for some peers. That means the short-term story and the longer-term story point in the same direction: this fund has lagged the more resilient peer examples on the periods where direct comparison is available.
At the same time, the comparison is not one-note. The fund’s 3-year number is still positive, and some peers do not have longer histories in the displayed period set, so the picture is not just about short-term weakness. For an investor, the useful takeaway is that this fund has shown more muted compounding than the stronger peer figures available, even though its longer window is better than its own recent one-year outcome.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Eq – Dixon Technologies (India) Ltd | Consumer Durables | 4.76% |
| Eq – Colgate Palmolive India Ltd. | FMCG | 4.26% |
| Eq – BSE Ltd | Finance | 4.14% |
| Eq – Hero Motocorp Ltd. | Automobile & Ancillaries | 3.74% |
| Eq – Marico Ltd | FMCG | 3.47% |
| Eq – Persistent Systems Ltd. | IT | 3.37% |
| Eq – Polycab India Ltd | Electricals | 2.84% |
| Eq – Oracle Financial Services Soft | IT | 2.71% |
| Eq – Page Industries | Textile | 2.64% |
| Eq – Glaxosmithkline Pharmaceutica | Healthcare | 2.59% |
The top 10 holdings account for approximately 34.52% of the portfolio.
To see all holdings, visit the UTI Nifty Midcap 150 Quality 50 Index Fund Direct Growth Plan page
The largest holding, Dixon Technologies (India) Ltd, carries a 4.76% weight, which is meaningful but not overpowering on its own. The next few positions also remain close in size, so the portfolio does not rely on a single very large exposure.
The drop from the first holding to the tenth is moderate rather than extreme. That pattern suggests the fund spreads its visible weight across a cluster of mid-sized positions, with no single name dominating the disclosed top slice.
At 34.52% for the top 10 holdings, the fund still leaves a substantial part of the portfolio beyond the largest positions, and there are 50 disclosed holdings in total. Our view is that this points to a mix of concentration and breadth: the leading names may influence performance, but the longer tail may still matter across the full portfolio.
Source data date: as of 16 Sep 2026
Who should invest
This fund is suited to investors who can handle High Risk exposure and are comfortable with a midcap-style return pattern that can swing in the short run. The 1-year number is negative, while the 3-year return is positive, so the experience has been uneven rather than steady.
A longer horizon makes more sense here than a short holding period. Investors who want a smoother path or who need their money in the near term may find the volatility difficult to accept, even though the 3-year figure shows that the strategy can recover over time.
The main trade-off is between the possibility of better medium-term compounding and the reality of sharp interim drawdowns. The portfolio’s leading holdings are spread across consumer, finance, IT and healthcare names, which may help diversification at the stock level, but it does not remove the underlying midcap volatility.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of UTI Nifty Midcap 150 Quality 50 Index Fund Direct Growth Plan?
The current NAV is ₹13.8117 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -6.15%, its 3-year return is 7.08%, and its 5-year return is 0%.
How has the fund performed versus the benchmark?
It has done better than the benchmark over 1 year and 3 years. Over 1 month and 3 months, both the fund and benchmark are negative, with the fund falling a bit more.
How does it compare with the peer funds shown here?
Its 1-year return is lower than the peer funds listed here, and its 3-year return is also below the stronger long-term figures shown for some peers. The comparison suggests a softer return profile than the more robust peer examples displayed.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹500.
What is the risk profile, and who manages the fund?
The fund is classified as High Risk. It is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia.
Bottom line
This fund’s recent performance is weaker than its 3-year record, so the short-term picture looks more fragile than the medium-term one. It has also trailed the stronger peer return figures shown here, although the 3-year number is still positive. The risk profile is High Risk, and the portfolio’s leading holdings are spread across several sectors rather than resting on one dominant name. That makes it better suited to investors who can stay patient through volatility and focus on a longer horizon.
Published on 17 September 2026 at 2:54 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.