UTI Nifty Alpha Low-Volatility 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

UTI Nifty Alpha Low-Volatility 30 Index Fund Direct Growth Plan has a NAV of ₹9.5915 as of 11 September 2026 and a scheme AUM of ₹69 Cr. Its 1-year, 3-year and 5-year returns are -1.63%, 0% and 0%, and it sits in the High Risk category. Our view is that this is a narrow-fit fund for investors who can tolerate uneven near-term outcomes and are comfortable with an index-style process that has not yet built a long return history.

The current numbers show a mixed profile: recent performance is weak, but the portfolio is built around 30 holdings and the top names are mostly established businesses. That combination can suit investors who want a systematic equity exposure and can stay patient through periods of underperformance relative to the benchmark.

Quick facts

Particular	Details
NAV	₹9.5915 as of 11 Sep 2026
AUM	₹69 Cr
Expense Ratio	0.69%
Launch Date	28 Nov 2024
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 11 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.83%	-4.81%
3M	-1.22%	-3.63%
1Y	-1.63%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent movement has been choppy. The 1-month pattern shows a noticeable slide, which explains why the fund ended the period weaker than the benchmark over that very short window. Over 3 months, however, the fund held up better than the benchmark and stayed close to flat for much of the period before easing lower at the end.

The 1-year picture is more favourable than the benchmark because the benchmark decline was deeper. That said, both series still point to a difficult year rather than a smooth compounding path. The fund has not yet shown a clean, persistent upward trend over the available history, which is important for investors to understand before expecting stable short-cycle gains.

Because this scheme launched only in late 2024, there is no meaningful 3-year or 5-year track record yet. For that reason, our read-through should focus on how it has behaved since launch: modest recovery in some stretches, but repeated reversals and a weak finish to the recent month. That pattern suggests the fund is still in a discovery phase rather than an established compounding record.

Against the benchmark, the fund has been ahead on the 1-year period but behind over 1 month and slightly ahead over 3 months. So the short-term comparison is mixed, while the longer available history is simply too short to call it a dependable long-term winner.

Source data date: as of 11 Sep 2026

Should you BUY or HOLD UTI Nifty Alpha Low-Volatility 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 Nifty Alpha Low-Volatility 30 Index? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
UTI Nifty Alpha Low-Volatility 30 Index Fund Direct Growth Plan	-1.63%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	32.61%	29.92%	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	26.23%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	26.22%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	26.18%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	25.91%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is far below the stronger peer figures in the table, so recent momentum looks subdued when set beside those schemes. The longer comparisons are harder to read because the current fund does not yet have a usable 3-year or 5-year record, while one peer does show a solid 3-year outcome and the rest do not provide longer figures. That creates a clear contrast between the current fund’s weak short-term result and the stronger multi-period evidence available for at least one peer.

For investors, that means the peer set tells two different stories. On the one hand, the current fund’s near-term behaviour has lagged the strongest comparables. On the other hand, the comparison is limited because the fund itself is still young, so it has not had time to build a deeper track record against these peers.

Source data date: as of 11 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Eq – Torrent Pharmaceuticals Ltd.	Healthcare	4.63%
Eq – Bajaj Auto Ltd.	Automobile & Ancillaries	4.14%
Eq – Apollo Hospitals Enterprise LT	Healthcare	3.96%
Eq – Nestle India Ltd.	FMCG	3.94%
Eq – NTPC Ltd.	Power	3.86%
Eq – ICICI Bank Ltd	Bank	3.85%
Eq – Marico Ltd	FMCG	3.85%
Eq – Hindalco Industries Ltd.	Non – Ferrous Metals	3.8%
Eq – Federal Bank Ltd.	Bank	3.69%
Eq – Grasim Industries Ltd.	Diversified	3.68%

The largest holding is Torrent Pharmaceuticals Ltd. at 4.63%, so no single position dominates the portfolio in absolute terms. The weight then steps down gradually, with the tenth holding still at 3.68%; that is a fairly tight band, which suggests the portfolio may be designed to avoid one oversized bet among its leading names.

The top 10 holdings together account for approximately 39.4% of the portfolio, and the scheme discloses 30 holdings in total. That means influence is spread across a longer tail rather than being concentrated only in the headline names, although the leading positions could still matter because each one is close in size.

Sector exposure among the top names is also mixed, with healthcare, FMCG, banks, power, autos and metals all appearing in the list. That diversity may help limit single-sector dependence, but the fund can still move around when several of its larger holdings face the same market conditions.

To see all holdings, visit the UTI Nifty Alpha Low-Volatility 30 Index Fund Direct Growth Plan page

Source data date: as of 11 Sep 2026

Who should invest

This fund is more suitable for investors who can tolerate High Risk and do not need a smooth short-term return path. The available history shows a weak 1-year result, a softer recent month and a better 3-month stretch, so the experience has been uneven rather than steadily positive.

It may suit a medium-to-long horizon where the investor is comfortable with periods of underperformance and wants a rules-based equity exposure. The main trade-off is that the portfolio has a structured diversification profile across 30 holdings, but recent performance has not yet turned that structure into dependable gains.

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 11 Sep 2026

Frequently asked questions

What is the current NAV of UTI Nifty Alpha Low-Volatility 30 Index Fund Direct Growth Plan?

The current NAV is ₹9.5915 as of 11 September 2026.

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

The fund’s 1-year return is -1.63%, while the 3-year and 5-year returns are both 0% in the available record.

How has the fund done versus the benchmark?

It has done better than the benchmark over 1 year, but it trailed the benchmark over 1 month and slightly outpaced it over 3 months. The shorter windows still show a choppy pattern.

How does it compare with the peer funds listed here?

Its 1-year return is well below the stronger peer figures shown here. One peer also has a much better 3-year figure, while the other peers do not have longer-period data available.

What is the minimum SIP amount?

The minimum SIP amount is ₹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

UTI Nifty Alpha Low-Volatility 30 Index Fund Direct Growth Plan has a mixed early record: the recent month has been weak, the 3-month trend is less negative, and the 1-year result is still below zero but better than the benchmark’s decline. Compared with the peers listed here, the recent return is clearly softer, while only one peer offers a stronger longer-period record for a direct comparison. The portfolio is spread across 30 holdings, which limits single-stock dependence, but the scheme is still best viewed as a High Risk equity option for investors who can absorb uneven short-term outcomes.

Published on 16 September 2026 at 8:04 AM 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.