UTI Nifty 500 Value 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

UTI Nifty 500 Value 50 Index Fund Direct Growth Plan currently has a NAV of ₹21.7713 as of 17 Sep 2026 and a scheme AUM of ₹846 Cr. Its 1-year, 3-year and 5-year returns are 9.28%, 21.02% and 0%, respectively, and the scheme sits in the High Risk category.

Our view is that this is a factor-tilted index strategy that has done well over 3 years but has been softer in the near term, so it suits investors who can accept sharp swings in pursuit of a value-oriented equity exposure.

Quick facts

Particular	Details
NAV	₹21.7713 as of 17 Sep 2026
AUM	₹846 Cr
Expense Ratio	0.62%
Launch Date	10 May 2023
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 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.18%	-3.66%
3M	-5.2%	-3.71%
1Y	9.28%	-7.13%
3Y	21.02%	5.82%
5Y	Data not available	Data not available

The recent pattern has been uneven. Over 1 month and 3 months, the fund has fallen, and the 3-month decline is deeper than the benchmark’s move over the same period. That tells us the strategy has not been immune to short-term value-style swings, even though the benchmark has also been weak at times.

The longer view is much stronger. The 1-year return is clearly positive while the benchmark is negative, and the 3-year return is also well ahead of the benchmark. That combination suggests the fund has captured the value factor more effectively over a full market cycle than a plain benchmark-style equity exposure.

The 5-year figure is not available because the scheme has not been around long enough, so the main comparison for this fund is really between the last year, the last three years and the benchmark path. Our reading is that the fund has rewarded patience better than short holding periods, which is common in value-led strategies.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD UTI Nifty 500 Value 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
UTI Nifty 500 Value 50 Index Fund Direct Growth Plan	9.28%	21.02%	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.

On the peer set available here, the fund’s 1-year return is below the stronger short-term readings from several peers, especially the NASDAQ 100 and capital-markets-linked index funds. Its 3-year return, however, remains solid and is ahead of the one peer in this group with a 3-year figure that is directly comparable on the page, while the shorter-term peer figures show a wider spread in recent outcomes. That leaves the fund with a mixed peer picture: steadier over three years than over the last few months, but not the strongest recent performer.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Eq – Grasim Industries Ltd.	Diversified	5.52%
Eq – Hindalco Industries Ltd.	Non – Ferrous Metals	5.33%
Eq – State Bank of India	Bank	5.25%
Eq – Vedanta Ltd	Non – Ferrous Metals	5.04%
Eq – Oil & Natural Gas Corporation	Crude Oil	4.95%
Eq – NTPC Ltd.	Power	4.7%
Eq – Coal India Ltd.	Mining	4.66%
Eq – Power Grid Corporation of Indi	Power	4.64%
Eq – Tata Motors Passenger Vehicles Ltd.	Automobile & Ancillaries	4.52%
Eq – Bharat Petroleum Corpn Ltd.	Crude Oil	4.33%

The top 10 holdings account for approximately 48.94% of the portfolio.

To see all holdings, visit the UTI Nifty 500 Value 50 Index Fund Direct Growth Plan page

The largest holding is 5.52%, and the tenth holding is still 4.33%, so the drop from the top position to the tenth is not steep. That suggests the portfolio is spread across several similarly weighted positions rather than being dominated by one or two outsized names.

At the same time, the top 10 holdings together make up 48.94% of the portfolio, while 44 holdings are disclosed in total. That points to a reasonably broad structure, but with a meaningful share of assets still concentrated in the leading positions, which may make the fund more sensitive to moves in those holdings and the sectors they represent.

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who are comfortable with High Risk equity exposure and who can stay invested for at least three years, preferably longer. The key attraction is the stronger 3-year outcome relative to the benchmark, but the trade-off is that short-term returns have been uneven and can lag even when the longer trend is healthier.

It may be a better fit for investors who want a rules-based value-oriented allocation and are willing to accept periods of underperformance versus faster-moving peer themes. The portfolio is fairly diversified across 44 holdings, yet the leading positions still matter, so this is best viewed as a patient equity holding rather than a low-volatility option.

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 17 Sep 2026

Frequently asked questions

What is the current NAV of UTI Nifty 500 Value 50 Index Fund Direct Growth Plan?

The current NAV is ₹21.7713 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is 9.28%, the 3-year return is 21.02%, and the 5-year return is 0 because a 5-year history is not available.

How does the fund compare with its benchmark?

It has outperformed the benchmark over 1 year and 3 years, while the benchmark has been negative over both periods. The short-term 1-month and 3-month moves are weaker, so the gap versus the benchmark is not uniform across time frames.

How does it compare with the peer funds listed here?

Its 1-year return is lower than several peer funds shown here, while its 3-year return is solid and compares better than some peers that do not have a 3-year figure available. The peer picture is mixed because the funds cover different themes and return paths.

What is the minimum SIP for this fund?

The minimum SIP is ₹500.

What is the risk category, and who manages the fund?

The fund is in the High Risk category. It is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia, and it has no exit load.

Bottom line

UTI Nifty 500 Value 50 Index Fund Direct Growth Plan has a clearer long-term story than a short-term one: the 3-year return is strong versus the benchmark, but recent month and quarter numbers have been softer. Against the peer set shown here, the fund does not stand out on the latest 1-year figure, yet its 3-year record remains respectable. The portfolio is spread across 44 holdings, but the leading names still carry meaningful weight, so the scheme fits investors who can handle value-style volatility and stay patient through uneven phases.

Published on 18 September 2026 at 1:10 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.