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    Tata NIFTY Midcap 150 Index Fund vs UTI Nifty Midcap 150 Index Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Tata NIFTY Midcap 150 Index Fund is a mutual fund and UTI Nifty Midcap 150 Index Fund is an Index fund. In the year to 30-10-2026, Tata NIFTY Midcap 150 Index Fund (Direct) returned −4.7% and UTI Nifty Midcap 150 Index Fund (Direct) returned −4.8%. Tata NIFTY Midcap 150 Index Fund charges 0.29% a year and UTI Nifty Midcap 150 Index Fund 0.72% (Direct plans). Their portfolios overlap 99.4%: they hold 149 of the same securities.

    Tata NIFTY Midcap 150 Index Fund

    1 year return
    −4.7%
    Expense ratio
    0.29%
    NAV
    ₹10.02
    See Tata NIFTY Midcap 150 Index Fund

    UTI Nifty Midcap 150 Index Fund

    Index

    1 year return
    −4.8%
    Expense ratio
    0.72%
    NAV
    ₹10.10
    See UTI Nifty Midcap 150 Index Fund

    Which is better, Tata NIFTY Midcap 150 Index 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.

    • Tata NIFTY Midcap 150 Index returned more over 1 year: −4.7% against −4.8%.
    • Tata NIFTY Midcap 150 Index costs less: 0.29% a year against 0.72% (Direct plans).
    • UTI Nifty Midcap 150 Index fell less in its worst fall since 25-06-2025: −14.0% against −14.1%.
    • Tata NIFTY Midcap 150 Index is the larger fund: ₹318 Cr against ₹76 Cr.
    • Their portfolios overlap 99.4%: 149 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

    FactTata NIFTY Midcap 150 Index FundUTI Nifty Midcap 150 Index Fund
    Fund houseTata Mutual FundUTI Mutual Fund
    CategoryNot availableIndex
    AUM₹318 Cr (30-09-2026)₹76 Cr (30-09-2026)
    NAV₹10.02 (Direct)₹10.10 (Direct)
    Expense ratio (Direct)0.29%0.72%
    Expense ratio (Regular)1.10%1.15%
    RiskometerNot availableVery High
    BenchmarkNot availableNifty Midcap 150 TRI
    Launch dateNot available28-11-2024
    Minimum investmentNot available₹1,000
    Lock inNot availableNone
    Fund managersNot availableSharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
    Exit loadNot availableNil

    Tata NIFTY Midcap 150 Index 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.

    Fund1M3M6M1Y3Y5Y10Y
    Tata NIFTY Midcap 150 Index Fund (Direct)−3.69%−8.55%−4.10%−4.74%------
    UTI Nifty Midcap 150 Index Fund (Direct)−3.72%−8.56%−4.16%−4.82%------

    Tata NIFTY Midcap 150 Index vs UTI Nifty Midcap 150 Index: Year-wise Returns

    YearTataTata NIFTY Midcap 150 IndexUTIUTI Nifty Midcap 150 IndexNifty Midcap 150 TRI
    2026to date−5.27%−5.33%−4.97%
    2025--+5.39%+5.98%

    Tata NIFTY Midcap 150 Index 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, 86 of them, one for each trading day from 25-06-2026 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.

    −10%−5%0%5%10%15%
    Jul 2025
    to
    Jul 2026    Jul 2025
    to
    Jul 2026    Aug 2025
    to
    Aug 2026    Sept 2025
    to
    Sept 2026    Sept 2025
    to
    Sept 2026    Oct 2025
    to
    Oct 2026
    Tata NIFTY Midcap 150 Index Fund (Direct)UTI Nifty Midcap 150 Index Fund (Direct)Nifty Midcap 150 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Tata NIFTY Midcap 150 Index12.833.734.918.60.00.00.05.6%5.4%−5.9%13.7%0%
    UTI Nifty Midcap 150 Index14.033.734.917.40.00.00.05.5%5.3%−6.0%13.5%0%
    Nifty Midcap 150 TRI10.525.641.922.10.00.00.06.0%5.8%−5.5%14.1%--

    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 25-06-2025. Past returns do not promise future returns.

    Tata NIFTY Midcap 150 Index 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 25-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Tata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index Fund (Direct) ₹1,70,000 ₹1,64,056 −₹5,944 −4.7%
    UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index Fund (Direct) ₹1,70,000 ₹1,64,131 −₹5,869 −4.6%
    ₹0₹50,000₹1.0 L₹1.5 L₹2.0 L
    2026
    Tata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index 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.

    Tata NIFTY Midcap 150 Index 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

    MeasureTata NIFTY Midcap 150 Index Fund (Direct)UTI Nifty Midcap 150 Index Fund (Direct)
    Return (CAGR)−4.74%−4.82%
    Standard deviation16.58%16.54%
    Sharpe ratio-0.60-0.61
    Sortino ratio-0.81-0.81
    Maximum drawdown−14.1% (31-03-2026)−14.0% (31-03-2026)
    Beta1.001.00
    Alpha−0.36%−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.

    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.

    −15%−10%−5%0%
    2026
    Tata NIFTY Midcap 150 Index Fund (Direct)UTI Nifty Midcap 150 Index Fund (Direct)Nifty Midcap 150 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Tata NIFTY Midcap 150 Index Fund (Direct)−14.1%07-01-202631-03-202607-05-202637 days−10.6%
    UTI Nifty Midcap 150 Index Fund (Direct)−14.0%07-01-202631-03-202607-05-202637 days−10.6%
    Nifty Midcap 150 TRI−13.9%07-01-202630-03-202607-05-202638 days−10.5%

    From daily values since 25-06-2025, 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.

    0%5%10%15%20%
    Tata NIFTY Midcap 150 Index Fund (Direct)UTI Nifty Midcap 150 Index Fund (Direct)Nifty Midcap 150 TRI

    Against Nifty Midcap 150 TRI

    FundUp captureDown captureTracking error
    Tata NIFTY Midcap 150 Index Fund (Direct)99%101%0.15%
    UTI Nifty Midcap 150 Index Fund (Direct)99%101%0.08%

    From month-end values since 25-06-2025. 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.

    Tata NIFTY Midcap 150 Index vs UTI Nifty Midcap 150 Index: Portfolio Overlap

    From each fund's latest monthly portfolio: Tata NIFTY Midcap 150 Index Fund, September 2026; UTI Nifty Midcap 150 Index Fund, September 2026

    Holdings in common

    Overlap
    99.4%
    Held by both
    149
    Only in Tata NIFTY Midcap 150 Index
    0
    Only in UTI Nifty Midcap 150 Index
    1
    Security% of Tata NIFTY Midcap 150 Index% of UTI Nifty Midcap 150 Index
    MULTI COMMODITY EXCHANGE OF IND LTD2.08%2.08%
    FEDERAL BANK LTD1.94%1.93%
    LAURUS LABS LTD1.91%1.90%
    ONE 97 COMMUNICATIONS LTD1.78%1.78%
    HERO MOTOCORP LTD1.68%1.68%
    INDIAN HOTELS CO. LTD1.58%1.58%
    COFORGE LTD1.50%1.50%
    BHARAT HEAVY ELECTRICALS LTD1.50%1.49%
    INDUSIND BANK LTD1.47%1.46%
    AU SMALL FINANCE BANK LTD1.45%1.45%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.4% means 99.4% 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 Tata NIFTY Midcap 150 Index Fund

    Every holding of this fund is also held by the other.

    Largest holdings only in UTI Nifty Midcap 150 Index Fund

    Security% of fund
    EQ - PIRAMAL FINANCE LTD0.66%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetTata NIFTY Midcap 150 IndexUTI Nifty Midcap 150 Index
    Equity98.7%99.2%
    Debt0.0%0.0%
    Cash and others1.3%0.8%

    Market cap of stocks

    Market capTata NIFTY Midcap 150 IndexUTI Nifty Midcap 150 Index
    Large Cap5.7%5.7%
    Mid Cap90.4%90.9%
    Small Cap2.5%2.5%

    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

    SectorTata NIFTY Midcap 150 IndexUTI Nifty Midcap 150 Index
    Pharmaceuticals & Biotechnology9.2%9.2%
    Banks8.7%8.7%
    Finance6.2%6.8%
    Electrical Equipment6.0%6.0%
    Retailing5.6%5.6%
    Capital Markets4.7%4.7%

    The six largest sectors of each fund's stocks, % of the fund.

    Tata NIFTY Midcap 150 Index vs UTI Nifty Midcap 150 Index: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeTata NIFTY Midcap 150 Index FundUTI Nifty Midcap 150 Index Fund
    Total expense ratio (Direct)0.29%0.72%
    Base expense ratio (Direct)0.11%0.50%
    Total expense ratio (Regular)1.10%1.15%
    Base expense ratio (Regular)0.90%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.

    Tata NIFTY Midcap 150 Index Fund vs UTI Nifty Midcap 150 Index Fund: Frequently Asked Questions

    What is the difference between Tata NIFTY Midcap 150 Index Fund and UTI Nifty Midcap 150 Index Fund?

    Tata NIFTY Midcap 150 Index Fund is a mutual fund, UTI Nifty Midcap 150 Index Fund is an Index fund, run by Tata Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.4%. Tata NIFTY Midcap 150 Index Fund charges 0.29% a year and UTI Nifty Midcap 150 Index Fund 0.72%.

    Which has given higher returns, Tata NIFTY Midcap 150 Index Fund or UTI Nifty Midcap 150 Index Fund?

    Over 1 year: Tata NIFTY Midcap 150 Index Fund −4.74%, 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, Tata NIFTY Midcap 150 Index Fund or UTI Nifty Midcap 150 Index Fund?

    Tata NIFTY Midcap 150 Index Fund charges less: 0.29% a year against 0.72%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Tata NIFTY Midcap 150 Index Fund and UTI Nifty Midcap 150 Index Fund overlap?

    99.4%. They hold 149 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

    Can I invest in both Tata NIFTY Midcap 150 Index Fund and UTI Nifty Midcap 150 Index Fund?

    Yes. 99.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    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.

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