August 16, 2023
mayank
UTI Nifty Midcap 150 ETF NFO, Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
NFO opens on August 18, 2023
NFO will close on August 28, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy of UTI Nifty Midcap 150 ETF NFO
The scheme is seeks to provide returns that, before expenses, corresponds to the total returns of the securities as represented by the underlying index, subject to tracking error.
Basic Details
| Fund House | UTI Mutual Fund |
| Issue Open | 18 August 2023 |
| Issue Close | 28 August 2023 |
| Type | Open-ended |
| Category | Equity: Mid Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Midcap 150 TRI |
Benchmark Index of UTI Nifty Midcap 150 ETF NFO
Nifty Midcap 150 represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from Nifty 500.
This index intends to measure the performance of mid market capitalisation companies.
Nifty Midcap 150 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Midcap 150 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Midcap 150 Total Returns Index
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.51 | 18.97 | 26.31 | 16.23 | 15.54 |
| Total Return | 5.65 | 19.44 | 27.15 | 17.25 | 16.97 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.33 | 19.14 | 21.36 |
| Beta (NIFTY 50) | 0.82 | 0.85 | 0.83 |
| Correlation (NIFTY 50) | 0.75 | 0.86 | 0.85 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 27.41 | 3.71 | 1.07 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Shriram Finance Ltd | 2.37 |
| Max Healthcare Institute Ltd | 2.07 |
| Trent Ltd. | 1.83 |
| AU Small Finance Bank Ltd. | 1.65 |
| Indian Hotels Co. Ltd. | 1.64 |
| Tube Investments of India Ltd. | 1.51 |
| TVS Motor Company Ltd | 1.51 |
| Federal Bank Ltd. | 1.50 |
| Power Finance Corporation Ltd. | 1.43 |
| Yes Bank Ltd. | 1.40 |
Fund Manager of UTI Nifty Midcap 150 ETF NFO
1) Sharwan Kumar Goyal
Education: Mr.Goyal is B.Com, CFA and MMS.
Experience: He began his career with UTI in June 2006 and has 15 years of overall experience in Risk / Fund management. Presently he is working as Equity Fund Manager.
Past Performance of his Schemes
| Fund | UTI Nifty 50 ETF | It’s Benchmark | UTI Nifty 50 Index Fund | It’s Benchmark |
| 1 Year | 10.86 | 11.16 | 10.57 | 11.16 |
| 3 Year | 21.61 | 22.20 | 21.33 | 22.20 |
| 5 Year | 12.38 | 12.60 | 12.14 | 12.60 |
| 7 Year | 13.50 | 13.65 | 13.18 | 13.65 |
| 10 Year | — | — | 13.87 | 14.76 |
2) Ayush Jain
Education: Mr. Jain is B.Com, C.A and CFA (level 1).
Experience: Prior to joining UTI Mutual Fund, he has worked with PMS and Anand Saklecha & Co..
Past Performance of his Schemes
| Fund | UTI Nifty Next 50 Exchange Traded Fund | It’s Benchmark | UTI S&P BSE Sensex ETF | It’s Benchmark |
| 1 Year | 4.65 | 11.16 | 11.34 | 11.16 |
| 3 Year | 18.08 | 22.20 | 20.78 | 22.20 |
| 5 Year | 9.09 | 12.60 | 12.52 | 12.60 |
| 7 Year | — | — | 13.90 | 13.65 |
| 10 Year | — | — | — | — |
AMC:
UTI Asset Management Company Ltd
Address: UTI Tower, Plot C-1, GN Block, Banrda Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.utimf.com
Registrar & Transfer Agent of UTI Nifty Midcap 150 ETF NFO
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Guidance for UTI Nifty Midcap 150 ETF NFO by Paresh Gordhandas, C.A., Research Analyst.
Exchange Traded Funds(ETFs) offer several advantages over regular mutual funds. ETFs mimic the underlying index, which results in fewer transactions than actively managed funds that frequently buy or sell securities from their portfolio to show higher return than their benchmark. ETFs also have lower expense ratio compared to actively managed mutual funds which must employ highly skilled fund managers for generating active returns i.e returns higher than their benchmark index. The main difference between ETFs and other types of index funds is that ETFs don’t try to outperform the corresponding index, but simply replicate the performance of the Index. They don’t try to beat the market, they try to be the market.
The UTI Nifty Midcap 150 ETF has the Nifty Midcap 150 as its benchmark. In the current market scenario, midcap stocks are expected to perform well for the next 6-12 months.
Performance of the Fund Managers is below par(refer table above) but since it is an ETF, stock picking is not of much importance and hence past performance of the Fund Managers can be ignored.
A small amount can be invested and take a relook at the same after a year of investment.
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