UTI Nifty Midcap 150 Quality 50 Index Fund - Direct Plan - Growth Option
This is a dynamic report providing a comprehensive overview of the UTI Nifty Midcap 150 Quality 50 Index Fund. It includes performance metrics, portfolio details, and historical data.
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Fund Overview
UTI Nifty Midcap 150 Quality 50 Index Fund is an open-ended passively managed equity fund. Its primary objective is to closely match the performance of the Nifty Midcap 150 Quality 50 Total Return Index.
Founded on April 11, 2022, it offers investors a low-cost method to gain diversified exposure to high-quality Indian mid-cap companies. These companies are selected based on strict quality criteria, including profitability consistency, balance sheet strength, and reasonable price-to-book ratios, ensuring broad sector representation.
Investment Objective
The fund aims to achieve a total return (before expenses) that corresponds with the total returns of the Nifty Midcap 150 Quality 50 Total Return Index, with a high degree of accuracy. The fund managers strive to minimize tracking error, though this outcome is not guaranteed.
Fund Managers
- Mr. Sharwan Kumar Goyal, B.Com, CFA, MMS — managing since April 2022
- Mr. Ayush Jain, CA, B.Com (Tax) — managing since May 2022
Historical NAV Performance
The chart below visualizes the Net Asset Value (NAV) of the fund since its inception. This provides a clear view of its growth trajectory over time.
Key Fund Details
₹ 1,000
0.44%
₹ 256.80 Cr
17,155
Load Structure
- Entry Load: Nil (as per SEBI guidelines)
- Exit Load: Nil
Why Midcap Investing?
Midcap companies offer higher growth potential compared to large caps while being more established than small caps. According to SEBI classification, midcap companies are ranked 101st to 250th by full market capitalization.
Midcap vs. Large Cap Performance
Midcap stocks have consistently outperformed large caps over various time periods:
| Time Period | Midcap CAGR | Large Cap CAGR | Outperformance % |
|---|---|---|---|
| 3 Years | 15.9% | 12.7% | 64% |
| 5 Years | 15.7% | 12.7% | 74% |
| 10 Years | 16.1% | 12.5% | 98% |
Why Quality Focus in Midcaps?
The fund selects companies based on quality parameters to balance growth potential with stability. Quality companies typically demonstrate:
vs. 15.4% for Midcap 150 Index
Lower debt indicates stronger balance sheet
vs. 58.03 for Midcap 150 Index
vs. 0.44% for Midcap 150 Index
Quality Assessment Parameters
Return on Equity (ROE)
Measures profitability and efficiency in capital utilization. Higher ROE indicates better management effectiveness.
Debt to Equity Ratio
Indicates financial strength. Lower ratios suggest lower financial risk (not considered for financial services companies).
EPS Growth Variability
Measures earnings quality and consistency. Companies with negative EPS in previous years are excluded.
Portfolio Composition
Top Holdings
Top 10 holdings represent 32.5% of the portfolio. Each stock is capped at 5% or 5 times its weight in the parent index.
Sector Exposure
The fund has higher exposure to sectors with strong fundamentals like IT, Capital Goods, and FMCG, while avoiding high-debt sectors like Realty and Construction.
Fund Performance vs Benchmark
CAGR Returns (Annualized)
| Period | NAV | Date | CAGR (annualized) |
|---|---|---|---|
| Latest | 14.4615 | 23-Jun-2025 | – |
| 1 Month | 14.1978 | 23-May-2025 | 24.71 % |
| 1 Year | 14.4307 | 24-Jun-2024 | 0.21 % |
| 3 Year | 8.6530 | 24-Jun-2022 | 18.67 % |
Growth of ₹ 10,000 invested (as on 30 May 2025)
| Period | Fund NAV Growth (%) | Nifty Midcap 150 Quality 50 TRI (%) | Nifty 50 TRI (%) | Fund Value (₹) | Index Value (₹) | Nifty 50 Value (₹) |
|---|---|---|---|---|---|---|
| 1 Year | 8.25 | 9.04 | 11.08 | 10,825 | 10,904 | 11,108 |
| 3 Years | 15.72 | 16.60 | 15.55 | 15,502 | 15,859 | 15,434 |
| Since Inception* | 11.74 | 12.57 | 12.67 | 14,170 | 14,503 | 14,543 |
SIP Returns
Assuming ₹ 10,000 invested monthly on the first working day (as on 30 May 2025)
| Period | Total Invested (₹) | Fund Value (₹) | Index Value (₹) | Nifty 50 Value (₹) | Fund XIRR (%) | Index XIRR (%) | Nifty 50 XIRR (%) |
|---|---|---|---|---|---|---|---|
| 1 Year | 120,000 | 123,076 | 123,560 | 124,417 | 4.85 | 5.62 | 6.98 |
| 3 Years | 360,000 | 456,348 | 462,367 | 447,333 | 16.07 | 17.00 | 14.67 |
| Since Inception | 370,000 | 471,115 | 477,481 | 462,393 | 15.92 | 16.84 | 14.64 |
Performance & Risk Metrics
Returns Comparison
The Quality 50 index has delivered superior risk-adjusted returns compared to the broader midcap index.
Risk Metrics
| Period | Quality 50 TRI | Midcap 150 TRI |
|---|---|---|
| 1 Year Volatility | 17% | 19% |
| 3 Year Volatility | 14% | 16% |
| 5 Year Volatility | 15% | 17% |
| Downside Capture | 77% | 100% |
The quality approach provides better downside protection during market declines.
Valuation Metrics
Current Valuations
Quality midcaps are currently trading at a discount to their historical premium relative to the broader midcap index.
Why Choose UTI for Index Investing?
One of the largest asset managers in index funds
Over 2 decades of index fund management
Low tracking error across time frames
Competitive expense structure
Additional Resources
- Understanding Midcap Stocks
- Return on Equity (ROE) Explained
- Debt-to-Equity Ratio
- Price-to-Earnings (P/E) Ratio
- UTI Mutual Fund Official Website
Important Information
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. This product is suitable for investors seeking capital growth in tune with index returns through passive investment in quality midcap companies.
Data as of March 28, 2025. Past performance does not guarantee future results. The information presented pertains to the index and not necessarily to the fund's performance. It is not possible to invest directly in an index.