January 21, 2025
mayank
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund Open Date, Close Date?
NFO opens on January 28, 2025
NFO will close on February 10, 2025
Investment Strategy for this NFO?
The scheme seeks to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error.
Basic Details
| Fund House | UTI Mutual Fund |
| Issue Open | 28 January 2025 |
| Issue Close | 10 February 2025 |
| Type | Open-ended |
| Category | Equity: Mid Cap |
| Min. Investment (Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty MidSmallcap400 Momentum Quality 100 TRI |
About Benchmark Index for this NFO?
Nifty MidSmallcap400 Momentum Quality 100 index aims to track the performance of the mid cap and small cap stocks selected based on combination of their momentum and quality factor scores. The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earnings (EPS) growth variability analyzed during the previous 5 years. The weight of each stock in the index is based on the combination of composite momentum-quality score and its free-float market capitalization. Stock weights are capped at 5% at the time of index rebalancing.
Nifty MidSmallcap400 Momentum Quality 100 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty MidSmallcap400 Momentum Quality 100 Total Returns Index.
Portfolio Characteristics
| Methodology | Tilt Weighted |
| No. of Constituents | 100 |
| Launch Date | February 08, 2024 |
| Base Date | February 08, 2024 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
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.
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..
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
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of Nifty MidSmallcap400 Momentum Quality 100 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -5.75 | 25.13 | 25.13 | 28.40 | 22.06 |
| Total Return | -5.64 | 26.25 | 26.25 | 29.67 | 23.63 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 20.64 | 19.80 | 20.12 |
| Beta (NIFTY 50) | 1.15 | 0.84 | 0.77 |
| Correlation (NIFTY 50) | 0.77 | 0.81 | 0.81 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 38.79 | 8.39 | 0.83 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Persistent Systems Ltd. | 5.01 |
| Dixon Technologies (India) Ltd. | 4.94 |
| Coforge Ltd. | 4.67 |
| BSE Ltd. | 4.26 |
| Lupin Ltd. | 3.33 |
| Oracle Financial Services Software Ltd. | 2.53 |
| CG Power and Industrial Solutions Ltd. | 2.53 |
| Colgate Palmolive (India) Ltd. | 2.48 |
| Voltas Ltd. | 2.32 |
| Cummins India Ltd. | 2.17 |
Note on Benchmark Performance:
The Nifty MidSmallcap400 Momentum Quality 100 Index is designed to track the performance of mid-cap and small-cap stocks selected based on a combination of momentum and quality factor scores. It identifies the top 100 stocks with the highest momentum from a pool of 400 small-cap and mid-cap stocks. Over the past 5 years, the index has delivered an impressive annual return of 29.67%. If the economy continues to grow, this benchmark index has the potential to deliver strong returns in the future.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Sharwan Kumar Goyal
| Fund | UTI Nifty 50 ETF | It’s Benchmark | UTI Nifty 50 Index Fund | It’s Benchmark |
| 1 Year | 9.45 | 11.38 | 8.81 | 11.38 |
| 3 Year | 10.79 | 12.29 | 10.46 | 12.29 |
| 5 Year | 14.99 | 16.32 | 14.69 | 16.32 |
| 7 Year | 12.73 | 13.14 | 12.46 | 13.14 |
| 10 Year | — | — | 11.33 | 12.33 |
As on 21-1-2025
Past Performance of Ayush Jain
| Fund | UTI BSE Sensex Index Fund | It’s Benchmark | UTI Nifty200 Momentum 30 Index Fund | It’s Benchmark |
| 1 Year | 8.35 | 11.38 | 9.27 | 11.19 |
| 3 Year | — | — | 14.17 | 12.89 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 21-1-2025
Note on Fund Managers’ performance
Fund managers are like pilots navigating through both turbulent and calm skies. Their ability to manage the fund effectively during both challenging and favorable times is key. Therefore, analyzing the historical performance of fund managers is important to gauge their future potential. We have reviewed several schemes managed by these fund managers, and as noted earlier, their past performance has been somewhat underwhelming.
[ C ] Conclusion
Given these two crucial factors in the NFO analysis, we recommend considering a small, token investment in this NFO. However, we advise against committing a large portion of your investment at this time.
Is it good to invest in UTI Nifty Midsmallcap 400 Momentum Quality 100 Index NFO?
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