Groww Nifty Midcap 150 Index Fund vs UTI - Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Nifty Midcap 150 Index Fund is an Index fund and UTI - Mid Cap Fund is a Mid Cap fund. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and UTI - Mid Cap Fund 1.27% (Direct plans). Their portfolios overlap 41.4%: they hold 51 of the same securities.
Groww Nifty Midcap 150 Index Fund
Index
- Expense ratio
- 0.54%
- NAV
- ₹9.42
Which is better, Groww Nifty Midcap 150 Index or UTI - Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty Midcap 150 Index costs less: 0.54% a year against 1.27% (Direct plans).
- UTI - Mid Cap fell less in its worst fall since 17-11-2025: −13.6% against −14.0%.
- UTI - Mid Cap is the larger fund: ₹11,920 Cr against ₹15 Cr.
- Their portfolios overlap 41.4%: 51 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 | Groww Nifty Midcap 150 Index Fund | UTI - Mid Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | UTI Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹15 Cr (30-09-2026) | ₹11,920 Cr (30-09-2026) |
| NAV | ₹9.42 (Direct) | ₹328.43 (Direct) |
| Expense ratio (Direct) | 0.54% | 1.27% |
| Expense ratio (Regular) | 1.18% | 1.97% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Next 50 TRI | Nifty Midcap 150 TRI |
| Launch date | 13-11-2025 | 27-04-2004 |
| Minimum investment | ₹500 | Regular Plan-Growth- Rs.5000, Regular Plan-IDCW (Sweep)- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-IDCW (Sweep)- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Vishal Chopda FM 1 |
| Exit load | Nil | Exit load of 1% if redeemed less than 1 year |
Groww Nifty Midcap 150 Index vs UTI - Mid Cap: 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty Midcap 150 Index Fund (Direct) | −3.72% | −8.68% | −4.31% | -- | -- | -- | -- |
| UTI - Mid Cap Fund (Direct) | −2.88% | −6.00% | −1.06% | −4.54% | +10.64% | +10.33% | +13.05% |
| 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.
Groww Nifty Midcap 150 Index vs UTI - Mid Cap: Year-wise Returns
| Year | Groww Nifty Midcap 150 IndexGroww Nifty Midcap 150 Index | UTI - Mid CapUTI - Mid Cap |
|---|---|---|
| 2026to date | −5.47% | −3.27% |
| 2025 | -- | +0.72% |
| 2024 | -- | +24.41% |
| 2023 | -- | +31.73% |
| 2022 | -- | +0.26% |
| 2021 | -- | +44.44% |
Groww Nifty Midcap 150 Index vs UTI - Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of Groww Nifty Midcap 150 Index Fund
Groww Nifty Midcap 150 Index vs UTI - Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Midcap 150 Index Fund (Direct) | UTI - Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.67% | +17.24% |
| Standard deviation | 16.87% | 16.16% |
| Sharpe ratio | -0.71 | 0.69 |
| Sortino ratio | -0.94 | 0.92 |
| Maximum drawdown | −14.0% (31-03-2026) | −40.8% (23-03-2020) |
| Beta | 0.90 | -- |
| Alpha | −4.69% | -- |
From daily NAVs, 17-11-2025 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.
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.
Groww Nifty Midcap 150 Index Fund (Direct)
UTI - Mid Cap Fund (Direct)
Nifty Next 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty Midcap 150 Index Fund (Direct) | −14.0% | 07-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −10.7% |
| UTI - Mid Cap Fund (Direct) | −13.6% | 07-01-2026 | 23-03-2026 | 18-06-2026 | 3 months | −9.6% |
| Nifty Next 50 TRI | −14.4% | 26-02-2026 | 30-03-2026 | 21-04-2026 | 22 days | −9.3% |
From daily values since 17-11-2025, the first day every fund has.
Groww Nifty Midcap 150 Index vs UTI - Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Midcap 150 Index Fund, September 2026; UTI - Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 41.4%
- Held by both
- 51
- Only in Groww Nifty Midcap 150 Index
- 99
- Only in UTI - Mid Cap
- 30
| Security | % of Groww Nifty Midcap 150 Index | % of UTI - Mid Cap |
|---|---|---|
| The Federal Bank Limited | 1.94% | 1.98% |
| Hero MotoCorp Limited | 1.68% | 1.76% |
| Coforge Limited | 1.50% | 3.01% |
| Bharat Heavy Electricals Limited | 1.49% | 1.78% |
| AU Small Finance Bank Limited | 1.45% | 2.75% |
| PERSISTENT SYSTEMS LTD | 1.42% | 1.44% |
| Multi Commodity Exchange of India Ltd. | 2.08% | 1.34% |
| IDFC First Bank Limited | 1.33% | 1.49% |
| Lenskart Solutions Limited | 1.24% | 1.44% |
| Lupin Limited | 1.22% | 1.23% |
| One 97 Communications Limited | 1.78% | 1.20% |
| Suzlon Energy Limited | 1.19% | 1.69% |
| Info Edge (India) Limited | 1.17% | 1.92% |
| Aurobindo Pharma Limited | 1.14% | 2.24% |
| Ashok Leyland Limited | 1.09% | 1.13% |
| APL Apollo Tubes Limited | 0.98% | 2.11% |
| PB Fintech Limited | 0.93% | 1.61% |
| SWIGGY LIMITED | 0.93% | 1.26% |
| Max Financial Services Limited | 0.90% | 1.90% |
| The Phoenix Mills Limited | 0.89% | 1.95% |
| SRF Limited | 0.89% | 1.25% |
| Aditya Birla Capital Limited | 0.80% | 1.31% |
| Embassy Office Parks REIT | 0.94% | 0.79% |
| MphasiS Limited | 0.70% | 0.89% |
| Indian Bank | 0.70% | 1.35% |
| Vishal Mega Mart Limited | 0.70% | 1.12% |
| 360 ONE WAM LIMITED | 0.67% | 1.43% |
| IPCA Laboratories Limited | 0.66% | 1.16% |
| Billionbrains Garage Ventures Ltd. | 0.65% | 0.65% |
| Steel Authority of India Limited | 0.65% | 1.22% |
| Oil India Limited | 0.60% | 1.13% |
| Torrent Power Limited | 0.58% | 1.46% |
| Jindal Stainless Limited | 0.58% | 1.13% |
| Petronet LNG Limited | 0.53% | 1.00% |
| JK Cement Limited | 0.52% | 1.66% |
| Coromandel International Limited | 0.52% | 0.95% |
| Meesho Limited | 0.52% | 0.76% |
| TUBE INVESTMENTS OF INDIA LTD | 0.63% | 0.50% |
| BLUE STAR LTD | 0.49% | 2.55% |
| Tata Communications Limited | 0.48% | 1.00% |
| ITC Hotels Limited | 0.45% | 0.99% |
| LG Electronics India Limited | 0.43% | 1.02% |
| Balkrishna Industries Limited | 0.42% | 0.89% |
| Astral Limited | 0.41% | 0.95% |
| Ajanta Pharma Limited | 0.41% | 2.15% |
| Schaeffler India Ltd | 0.39% | 1.50% |
| Berger Paints (I) Limited | 0.32% | 0.96% |
| GLOBAL HEALTH LIMITED | 0.30% | 1.15% |
| Bharti Hexacom Limited | 0.26% | 1.45% |
| Endurance Technologies Limited | 0.23% | 1.26% |
| Anthem Biosciences Limited | 0.23% | 1.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.4% means 41.4% 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 Groww Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 1.90% |
| The Indian Hotels Company Limited | 1.58% |
| IndusInd Bank Limited | 1.47% |
| Dixon Technologies (India) Limited | 1.34% |
| Bharat Forge Limited | 1.32% |
Largest holdings only in UTI - Mid Cap Fund
| Security | % of fund |
|---|---|
| EQ - SHRIRAM FINANCE LTD | 1.92% |
| EQ - VOLTAMP TRANSFORMERS LTD. | 1.45% |
| EQ - GRINDWELL NORTON LTD. | 1.25% |
| EQ - GLAND PHARMA LTD. | 1.19% |
| EQ - BRIGADE ENTERPRISES LTD. | 1.13% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Midcap 150 Index | UTI - Mid Cap |
|---|---|---|
| Equity | 99.1% | 96.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 3.3% |
Market cap of stocks
| Market cap | Groww Nifty Midcap 150 Index | UTI - Mid Cap |
|---|---|---|
| Large Cap | 5.7% | 11.3% |
| Mid Cap | 90.9% | 66.8% |
| Small Cap | 2.5% | 18.0% |
| Not on AMFI's list | 0.0% | 0.6% |
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 | Groww Nifty Midcap 150 Index | UTI - Mid Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.2% | 9.6% |
| Banks | 8.7% | 8.5% |
| Industrial Products | 3.0% | 7.0% |
| Finance | 6.8% | 6.2% |
| Retailing | 5.6% | 6.5% |
| Consumer Durables | 4.3% | 6.2% |
| Electrical Equipment | 6.0% | 5.6% |
| Capital Markets | 4.7% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Midcap 150 Index vs UTI - Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Midcap 150 Index Fund | UTI - Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 1.27% |
| Base expense ratio (Direct) | 0.34% | 0.85% |
| Total expense ratio (Regular) | 1.18% | 1.97% |
| Base expense ratio (Regular) | 0.90% | 1.48% |
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
Groww Nifty Midcap 150 Index Fund vs UTI - Mid Cap Fund: Frequently Asked Questions
What is the difference between Groww Nifty Midcap 150 Index Fund and UTI - Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund is an Index fund, UTI - Mid Cap Fund is a Mid Cap fund, run by Groww Mutual Fund and UTI Mutual Fund. Their portfolios overlap 41.4%. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and UTI - Mid Cap Fund 1.27%.
Which has the lower expense ratio, Groww Nifty Midcap 150 Index Fund or UTI - Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund charges less: 0.54% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Nifty Midcap 150 Index Fund and UTI - Mid Cap Fund overlap?
41.4%. They hold 51 of the same securities, the largest shared ones being FEDERALBNK, HEROMOTOCO, COFORGE. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Midcap 150 Index Fund or UTI - Mid Cap Fund?
On SEBI's riskometer, Groww Nifty Midcap 150 Index Fund is rated Very High and UTI - Mid Cap Fund Very High. Over their common history, the standard deviation of daily returns was 16.87% and 16.16% a year.
Can I invest in both Groww Nifty Midcap 150 Index Fund and UTI - Mid Cap Fund?
Yes. 41.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Nifty Midcap 150 Index Fund and UTI - Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. UTI - Mid Cap Fund: Vishal Chopda FM 1.
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.