Franklin India Mid Cap Fund vs UTI Nifty Midcap 150 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Mid Cap Fund is a Mid Cap fund and UTI Nifty Midcap 150 Index Fund is an Index fund. In the year to 30-10-2026, Franklin India Mid Cap Fund (Direct) returned −8.4% and UTI Nifty Midcap 150 Index Fund (Direct) returned −4.8%. Franklin India Mid Cap Fund charges 1.14% a year and UTI Nifty Midcap 150 Index Fund 0.72% (Direct plans). Their portfolios overlap 38.4%: they hold 54 of the same securities.
Franklin India Mid Cap Fund
Mid Cap
- 1 year return
- −8.4%
- Expense ratio
- 1.14%
- NAV
- ₹2,903.85
UTI Nifty Midcap 150 Index Fund
Index
- 1 year return
- −4.8%
- Expense ratio
- 0.72%
- NAV
- ₹10.10
Which is better, Franklin India Mid Cap or UTI Nifty Midcap 150 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Nifty Midcap 150 Index returned more over 1 year: −4.8% against −8.4%.
- UTI Nifty Midcap 150 Index costs less: 0.72% a year against 1.14% (Direct plans).
- Franklin India Mid Cap fell less in its worst fall since 03-12-2024: −18.1% against −18.9%.
- Franklin India Mid Cap is the larger fund: ₹12,156 Cr against ₹76 Cr.
- Their portfolios overlap 38.4%: 54 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Franklin India Mid Cap Fund | UTI Nifty Midcap 150 Index Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | UTI Mutual Fund |
| Category | Mid Cap | Index |
| AUM | ₹12,156 Cr (30-09-2026) | ₹76 Cr (30-09-2026) |
| NAV | ₹2,903.85 (Direct) | ₹10.10 (Direct) |
| Expense ratio (Direct) | 1.14% | 0.72% |
| Expense ratio (Regular) | 1.92% | 1.15% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 01-12-1993 | 28-11-2024 |
| Minimum investment | 5000/1 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Janakiraman Rengaraju, Akhil Kalluri, Sandeep Manam | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit load of 1% if redeemed within 1 year | Nil |
Franklin India Mid Cap vs UTI Nifty Midcap 150 Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Franklin India Mid Cap Fund (Direct) | −4.32% | −9.38% | −3.37% | −8.42% | +13.45% | +11.51% | +13.22% |
| UTI Nifty Midcap 150 Index Fund (Direct) | −3.72% | −8.56% | −4.16% | −4.82% | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Franklin India Mid Cap vs UTI Nifty Midcap 150 Index: Year-wise Returns
| Year | Franklin India Mid CapFranklin India Mid Cap | UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −8.29% | −5.33% | −4.97% |
| 2025 | +2.42% | +5.39% | +5.98% |
| 2024 | +32.89% | -- | +24.46% |
| 2023 | +37.97% | -- | +44.61% |
| 2022 | +3.00% | -- | +3.91% |
| 2021 | +33.67% | -- | +48.16% |
Franklin India Mid Cap vs UTI Nifty Midcap 150 Index: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 223 of them, one for each trading day from 03-12-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Franklin India Mid Cap Fund (Direct)
UTI Nifty Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Mid Cap | 25.6 | 39.0 | 27.4 | 5.8 | 2.2 | 0.0 | 0.0 | 3.2% | 2.5% | −8.5% | 16.5% | 0% |
| UTI Nifty Midcap 150 Index | 6.3 | 25.6 | 35.9 | 21.5 | 9.0 | 1.8 | 0.0 | 7.7% | 7.2% | −6.0% | 21.1% | 0% |
| Nifty Midcap 150 TRI | 4.0 | 21.1 | 40.4 | 22.4 | 9.0 | 3.1 | 0.0 | 8.3% | 7.8% | −5.5% | 21.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Midcap 150 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 03-12-2024. Past returns do not promise future returns.
Franklin India Mid Cap vs UTI Nifty Midcap 150 Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Mid CapFranklin India Mid Cap Fund (Direct) | ₹2,30,000 | ₹2,21,393 | −₹8,607 | −3.8% |
| UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index Fund (Direct) | ₹2,30,000 | ₹2,28,436 | −₹1,564 | −0.7% |
Franklin India Mid CapFranklin India Mid Cap Fund (Direct)
UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Franklin India Mid Cap vs UTI Nifty Midcap 150 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Mid Cap Fund (Direct) | UTI Nifty Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.42% | −4.82% |
| Standard deviation | 15.59% | 16.54% |
| Sharpe ratio | -0.88 | -0.61 |
| Sortino ratio | -1.16 | -0.81 |
| Maximum drawdown | −15.5% (31-03-2026) | −14.0% (31-03-2026) |
| Beta | 0.91 | 1.00 |
| Alpha | −4.89% | −0.46% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin India Mid Cap Fund (Direct) | UTI Nifty Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.95% | −0.52% |
| Standard deviation | 15.17% | 17.06% |
| Sharpe ratio | 0.72 | -0.36 |
| Sortino ratio | 0.96 | -0.48 |
| Maximum drawdown | −36.6% (23-03-2020) | −18.9% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.53% |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Franklin India Mid Cap Fund (Direct)
UTI Nifty Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Mid Cap Fund (Direct) | −18.1% | 16-12-2024 | 28-02-2025 | 17-11-2025 | 9 months | −11.4% |
| UTI Nifty Midcap 150 Index Fund (Direct) | −18.9% | 16-12-2024 | 28-02-2025 | 10-06-2025 | 3 months | −10.6% |
| Nifty Midcap 150 TRI | −18.9% | 16-12-2024 | 28-02-2025 | 09-06-2025 | 3 months | −10.5% |
From daily values since 03-12-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Mid Cap Fund (Direct)
UTI Nifty Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Franklin India Mid Cap Fund (Direct) | 87% | 101% | 3.72% |
| UTI Nifty Midcap 150 Index Fund (Direct) | 99% | 101% | 0.08% |
From month-end values since 03-12-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Franklin India Mid Cap vs UTI Nifty Midcap 150 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Mid Cap Fund, September 2026; UTI Nifty Midcap 150 Index Fund, September 2026
Holdings in common
- Overlap
- 38.4%
- Held by both
- 54
- Only in Franklin India Mid Cap
- 25
- Only in UTI Nifty Midcap 150 Index
- 96
| Security | % of Franklin India Mid Cap | % of UTI Nifty Midcap 150 Index |
|---|---|---|
| Federal Bank Ltd | 2.39% | 1.93% |
| One 97 Communications Ltd | 2.29% | 1.78% |
| Coforge Ltd | 1.91% | 1.50% |
| Dixon Technologies (India) Ltd | 1.46% | 1.35% |
| IDFC First Bank Ltd | 2.20% | 1.33% |
| Ge Vernova T&D India Ltd | 1.30% | 1.28% |
| Lenskart Solutions Ltd | 1.59% | 1.24% |
| Ashok Leyland Ltd | 1.85% | 1.09% |
| Multi Commodity Exchange Of India Ltd | 1.09% | 2.08% |
| Suzlon Energy Ltd | 1.06% | 1.19% |
| APL Apollo Tubes Ltd | 2.16% | 0.98% |
| ICICI Lombard General Insurance Co Ltd | 1.69% | 0.96% |
| Swiggy Ltd | 1.90% | 0.93% |
| PB Fintech Ltd | 1.77% | 0.93% |
| Max Financial Services Ltd | 1.19% | 0.90% |
| Hindustan Petroleum Corporation Ltd | 0.89% | 0.83% |
| Phoenix Mills Ltd | 0.81% | 0.89% |
| Indus Towers Ltd | 0.80% | 1.18% |
| Shree Cement Ltd | 1.54% | 0.74% |
| Mankind Pharma Ltd | 2.12% | 0.70% |
| Mphasis Ltd | 1.22% | 0.70% |
| 360 One Wam Ltd | 0.96% | 0.67% |
| IPCA Laboratories Ltd | 1.55% | 0.65% |
| Billionbrains Garage Ventures Ltd | 1.24% | 0.65% |
| Biocon Ltd | 2.47% | 0.64% |
| Tube Investments of India Ltd | 1.40% | 0.63% |
| Havells India Ltd | 1.30% | 0.63% |
| Prestige Estates Projects Ltd | 1.99% | 0.62% |
| Piramal Finance Ltd | 0.60% | 0.66% |
| Page Industries Ltd | 0.72% | 0.57% |
| Supreme Industries Ltd | 1.25% | 0.55% |
| Mahindra & Mahindra Financial Services Ltd | 1.38% | 0.53% |
| SRF Ltd | 0.53% | 0.89% |
| Kalyan Jewellers India Ltd | 2.87% | 0.52% |
| Meesho Ltd | 1.37% | 0.52% |
| J.K. Cement Ltd | 1.04% | 0.52% |
| Oberoi Realty Ltd | 0.78% | 0.51% |
| Tata Communications Ltd | 1.20% | 0.48% |
| Coromandel International Ltd | 0.47% | 0.51% |
| Exide Industries Ltd | 0.95% | 0.46% |
| Aster DM Quality Care Ltd | 0.92% | 0.46% |
| PI Industries Ltd | 0.71% | 0.46% |
| ITC Hotels Ltd | 0.81% | 0.45% |
| Gujarat Fluorochemicals Ltd | 0.74% | 0.45% |
| Jubilant Foodworks Ltd | 1.01% | 0.44% |
| Balkrishna Industries Ltd | 1.96% | 0.42% |
| Astral Ltd | 1.52% | 0.41% |
| HDB Financial Services Ltd | 1.38% | 0.33% |
| Godrej Properties Ltd | 0.31% | 0.54% |
| K.P.R. Mill Ltd | 1.09% | 0.30% |
| Bharti Hexacom Ltd | 0.75% | 0.26% |
| Escorts Kubota Ltd | 0.89% | 0.22% |
| Hexaware Technologies Ltd | 1.02% | 0.18% |
| JSW Infrastructure Ltd | 0.07% | 0.52% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.4% means 38.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Franklin India Mid Cap Fund
| Security | % of fund |
|---|---|
| Hindustan Aeronautics Ltd | 1.77% |
| Timken India Ltd | 1.55% |
| MTAR Technologies Ltd | 1.51% |
| State Bank of India | 1.51% |
| Poonawalla Fincorp Ltd | 1.50% |
Largest holdings only in UTI Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| EQ - LAURUS LABS LTD. | 1.90% |
| EQ - HERO MOTOCORP LTD. | 1.68% |
| EQ - INDIAN HOTELS COMPANY LTD. | 1.58% |
| EQ - BHARAT HEAVY ELECTRICALS LTD. | 1.49% |
| EQ - INDUSIND BANK | 1.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Mid Cap | UTI Nifty Midcap 150 Index |
|---|---|---|
| Equity | 98.1% | 99.2% |
| Debt | 0.2% | 0.0% |
| Cash and others | 1.7% | 0.8% |
Market cap of stocks
| Market cap | Franklin India Mid Cap | UTI Nifty Midcap 150 Index |
|---|---|---|
| Large Cap | 9.8% | 5.7% |
| Mid Cap | 66.8% | 90.9% |
| Small Cap | 20.1% | 2.5% |
| Not on AMFI's list | 1.3% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Franklin India Mid Cap | UTI Nifty Midcap 150 Index |
|---|---|---|
| Banks | 9.4% | 8.7% |
| Pharmaceuticals & Biotechnology | 6.1% | 9.2% |
| Consumer Durables | 7.1% | 4.3% |
| Finance | 6.0% | 6.8% |
| Industrial Products | 6.5% | 3.0% |
| Electrical Equipment | 5.2% | 6.0% |
| Retailing | 5.8% | 5.6% |
| Capital Markets | 4.5% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Mid Cap vs UTI Nifty Midcap 150 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Mid Cap Fund | UTI Nifty Midcap 150 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 0.72% |
| Base expense ratio (Direct) | 0.81% | 0.50% |
| Total expense ratio (Regular) | 1.92% | 1.15% |
| Base expense ratio (Regular) | 1.48% | 0.90% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Franklin India Mid Cap Fund vs UTI Nifty Midcap 150 Index Fund: Frequently Asked Questions
What is the difference between Franklin India Mid Cap Fund and UTI Nifty Midcap 150 Index Fund?
Franklin India Mid Cap Fund is a Mid Cap fund, UTI Nifty Midcap 150 Index Fund is an Index fund, run by Franklin Templeton Mutual Fund and UTI Mutual Fund. Their portfolios overlap 38.4%. Franklin India Mid Cap Fund charges 1.14% a year and UTI Nifty Midcap 150 Index Fund 0.72%.
Which has given higher returns, Franklin India Mid Cap Fund or UTI Nifty Midcap 150 Index Fund?
Over 1 year: Franklin India Mid Cap Fund −8.42%, UTI Nifty Midcap 150 Index Fund −4.82%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Mid Cap Fund or UTI Nifty Midcap 150 Index Fund?
UTI Nifty Midcap 150 Index Fund charges less: 0.72% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Mid Cap Fund and UTI Nifty Midcap 150 Index Fund overlap?
38.4%. They hold 54 of the same securities, the largest shared ones being FEDERALBNK, PAYTM, COFORGE. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Mid Cap Fund and UTI Nifty Midcap 150 Index Fund?
Yes. 38.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Mid Cap Fund and UTI Nifty Midcap 150 Index Fund?
Franklin India Mid Cap Fund: Janakiraman Rengaraju, Akhil Kalluri, Sandeep Manam. UTI Nifty Midcap 150 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.