UTI Nifty200 Momentum 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
UTI Nifty200 Momentum 30 Index Fund Direct Growth Plan had a NAV of ₹20.6331 as of 15 Sep 2026 and a scheme AUM of ₹8,513 Cr. Its 1-year, 3-year and 5-year returns are -3.39%, 9.46% and 8.72% respectively, and the scheme carries a High Risk profile. Our view is that this is a momentum-led equity index fund that has shown a stronger longer-term record than its recent 1-year figure, but the recent weakness means investors need a higher risk tolerance and a multi-year horizon.
The fund may appeal to investors who want concentrated exposure to a momentum strategy and are comfortable with drawdowns. The portfolio is not broad across dozens of tiny positions; the largest holdings still matter materially, so short-term swings can remain sharp even when the multi-year trend is positive.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹20.6331 as of 15 Sep 2026 |
| AUM | ₹8,513 Cr |
| Expense Ratio | 0.45% |
| Launch Date | 10 Mar 2021 |
| 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 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -4.59% | -4.81% |
| 3M | -4.03% | -3.63% |
| 1Y | -3.39% | -8.27% |
| 3Y | 9.46% | 5.59% |
| 5Y | 8.72% | 5.58% |
The fund has been under pressure in the recent period, with both 1M and 3M returns still negative. That matters because the last year has not simply been a mild pause; the fund’s 1Y figure is also negative, even though it is still better than the benchmark’s 1Y result. In our view, that tells us the strategy has not been insulated from a weaker phase.
At the same time, the 3Y and 5Y numbers are more constructive. The fund has stayed ahead of the benchmark over both horizons, and the gap is meaningful enough to show that the longer compounding path has been stronger than the index reference used here. The 3Y return of 9.46% against 5.59% for the benchmark is especially relevant for investors evaluating whether the strategy can add value over a full cycle.
The pattern inside the time series also points to sharper swings than a plain vanilla equity index approach. The fund moved through a rough patch before recovering, which is consistent with a momentum strategy that can shift quickly when market leadership changes. For investors, that means the recent drawdown is not a one-off data point; it is part of the style profile.
So the central read-through is mixed but clear: recent performance is weak, yet the longer horizon remains ahead of the benchmark. If the next phase follows the same pattern of style rotation, returns may continue to move unevenly rather than in a straight line.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD UTI Nifty200 Momentum 30 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 Nifty200 Momentum 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| UTI Nifty200 Momentum 30 Index Fund Direct Growth Plan | -3.39% | 9.46% | 8.72% |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year numbers, the fund trails the stronger peer returns in this group by a wide margin, even though its own 1Y result is still better than the benchmark used for the scheme. That means the recent phase has been visibly softer than several other index strategies in the comparison set.
The picture is different over longer horizons. The fund’s 3Y result is lower than ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan and ICICI Pru Nifty Pharma Index Fund Direct Growth Plan, but it is still a positive multi-year showing and it remains ahead of the benchmark. The 5Y figure also stays positive and supports the same basic conclusion: the recent weakness does not fully define the scheme’s longer-run behaviour.
For us, the important point is that the short-term peer comparison and the longer-term peer comparison tell different stories. The recent phase looks softer, while the multi-year track record remains more resilient than the benchmark reference and more stable than the last year alone would suggest.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Eq – Laurus Labs Ltd. | Healthcare | 5.95% |
| Eq – Multi Commodity Exchange of in | Finance | 5.86% |
| Eq – Shriram Finance Ltd | Finance | 5.33% |
| Eq – Hindalco Industries Ltd. | Non – Ferrous Metals | 5.09% |
| Eq – Tata Steel Ltd. | Iron & Steel | 4.75% |
| Eq – Cummins India Ltd. | Automobile & Ancillaries | 4.50% |
| Eq – NTPC Ltd. | Power | 4.49% |
| Eq – Ge Vernova T & D India Ltd | Capital Goods | 4.31% |
| Eq – Vedanta Ltd | Non – Ferrous Metals | 4.30% |
| Eq – Adani Power Ltd. | Power | 4.22% |
The top 10 holdings account for approximately 48.8% of the portfolio.
To see all holdings, visit the UTI Nifty200 Momentum 30 Index Fund Direct Growth Plan page
Largest individual weight is 5.95% in Laurus Labs Ltd., so no single position dominates outright, but the leading names are still large enough to matter in day-to-day movement. The spread from the first holding to the tenth is modest rather than steep, moving from 5.95% to 4.22%, which suggests the top bucket is fairly even.
That said, the top 10 together still make up close to half of the portfolio. With 30 disclosed holdings in total, this may mean the scheme is not narrowly dependent on just one or two positions, but the listed holdings still look meaningfully concentrated in a short leader set. In our view, that kind of structure can support a momentum strategy, yet it can also keep portfolio outcomes sensitive when leadership changes across sectors.
The sector spread across healthcare, finance, metals, power and capital goods also points to a portfolio that may participate in different market moves rather than one single theme. Even so, because the top holdings share a substantial combined weight, the fund is likely to feel the impact of the largest names more than a very broad diversified index fund would.
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors who can tolerate High Risk and stay invested for a longer horizon. The last year has been weak, but the 3-year and 5-year figures are positive and ahead of the benchmark, so the scheme looks more suitable for someone who can absorb near-term swings in exchange for the possibility of stronger multi-year compounding.
The main trade-off is simple: the momentum style may do well when leadership trends are favourable, but it may also lag sharply when those trends reverse. Investors who want smoother outcomes or low-volatility equity exposure may find that uncomfortable, while those who understand cyclical performance may be more willing to accept it.
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 15 Sep 2026
Frequently asked questions
What is the current NAV of UTI Nifty200 Momentum 30 Index Fund Direct Growth Plan?
It is ₹20.6331 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The returns are -3.39% for 1 year, 9.46% for 3 years and 8.72% for 5 years.
How has the fund performed versus the benchmark?
It is ahead of the benchmark over 3 years and 5 years, while the 1-year return is less negative than the benchmark’s 1-year figure. The recent period is still weak, so the comparison is not uniformly strong across all horizons.
How does it compare with the peer funds listed here?
Its 1-year return is weaker than the peer figures shown here, but its 3-year and 5-year numbers still present a workable multi-year profile. The shorter-term comparison looks softer than the longer-term one.
What is the minimum SIP amount?
₹500.
Who manages the fund and what is the exit load?
The fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia. There is no exit load.
Bottom line
The fund’s recent performance is weaker than its 3-year and 5-year record, so the short-term picture and longer-term picture do not match. Against the benchmark, the scheme stays ahead over the longer horizons, while the peer comparison shows a softer 1-year phase but a more respectable multi-year profile. With a High Risk label and a portfolio where the top holdings still carry meaningful weight, the fund looks best suited to investors who can accept volatility and focus on a longer holding period.
Published on 16 September 2026 at 6:33 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.