UTI - Mid Cap Fund vs UTI Nifty Midcap 150 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI - 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, UTI - Mid Cap Fund (Direct) returned −4.5% and UTI Nifty Midcap 150 Index Fund (Direct) returned −4.8%. UTI - Mid Cap Fund charges 1.27% a year and UTI Nifty Midcap 150 Index Fund 0.72% (Direct plans). Their portfolios overlap 41.4%: they hold 51 of the same securities.
UTI Nifty Midcap 150 Index Fund
Index
- 1 year return
- −4.8%
- Expense ratio
- 0.72%
- NAV
- ₹10.10
Which is better, UTI - 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 - Mid Cap returned more over 1 year: −4.5% against −4.8%.
- UTI Nifty Midcap 150 Index costs less: 0.72% a year against 1.27% (Direct plans).
- UTI Nifty Midcap 150 Index fell less in its worst fall since 03-12-2024: −18.9% against −20.8%.
- UTI - Mid Cap is the larger fund: ₹11,920 Cr against ₹76 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 | UTI - Mid Cap Fund | UTI Nifty Midcap 150 Index Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | UTI Mutual Fund |
| Category | Mid Cap | Index |
| AUM | ₹11,920 Cr (30-09-2026) | ₹76 Cr (30-09-2026) |
| NAV | ₹328.43 (Direct) | ₹10.10 (Direct) |
| Expense ratio (Direct) | 1.27% | 0.72% |
| Expense ratio (Regular) | 1.97% | 1.15% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 27-04-2004 | 28-11-2024 |
| Minimum investment | 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, | ₹1,000 |
| Lock in | None | None |
| Fund managers | Vishal Chopda FM 1 | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit load of 1% if redeemed less than 1 year | Nil |
UTI - 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 |
|---|---|---|---|---|---|---|---|
| UTI - Mid Cap Fund (Direct) | −2.88% | −6.00% | −1.06% | −4.54% | +10.64% | +10.33% | +13.05% |
| 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.
UTI - Mid Cap vs UTI Nifty Midcap 150 Index: Year-wise Returns
| Year | - Mid CapUTI - Mid Cap | Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −3.27% | −5.33% | −4.97% |
| 2025 | +0.72% | +5.39% | +5.98% |
| 2024 | +24.41% | -- | +24.46% |
| 2023 | +31.73% | -- | +44.61% |
| 2022 | +0.26% | -- | +3.91% |
| 2021 | +44.44% | -- | +48.16% |
UTI - 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.
UTI - 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UTI - Mid Cap | 15.2 | 42.2 | 26.0 | 12.6 | 4.0 | 0.0 | 0.0 | 4.8% | 4.0% | −5.8% | 18.7% | 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.
UTI - 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 |
|---|---|---|---|---|
| UTI - Mid CapUTI - Mid Cap Fund (Direct) | ₹2,30,000 | ₹2,29,860 | −₹140 | −0.1% |
| UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index Fund (Direct) | ₹2,30,000 | ₹2,28,436 | −₹1,564 | −0.7% |
UTI - Mid CapUTI - 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.
UTI - 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 | UTI - Mid Cap Fund (Direct) | UTI Nifty Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.54% | −4.82% |
| Standard deviation | 15.55% | 16.54% |
| Sharpe ratio | -0.63 | -0.61 |
| Sortino ratio | -0.84 | -0.81 |
| Maximum drawdown | −13.8% (23-03-2026) | −14.0% (31-03-2026) |
| Beta | 0.92 | 1.00 |
| Alpha | −0.92% | −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 | UTI - Mid Cap Fund (Direct) | UTI Nifty Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.24% | −0.52% |
| Standard deviation | 16.16% | 17.06% |
| Sharpe ratio | 0.69 | -0.36 |
| Sortino ratio | 0.92 | -0.48 |
| Maximum drawdown | −40.8% (23-03-2020) | −18.9% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.53% |
From daily NAVs, 02-01-2013 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.
UTI - 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 |
|---|---|---|---|---|---|---|
| UTI - Mid Cap Fund (Direct) | −20.8% | 11-12-2024 | 28-02-2025 | 29-07-2026 | 17 months | −9.6% |
| 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.
UTI - 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 |
|---|---|---|---|
| UTI - Mid Cap Fund (Direct) | 93% | 100% | 3.55% |
| 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.
UTI - Mid Cap vs UTI Nifty Midcap 150 Index: Portfolio Overlap
From each fund's latest monthly portfolio: UTI - Mid Cap Fund, September 2026; UTI Nifty Midcap 150 Index Fund, September 2026
Holdings in common
- Overlap
- 41.4%
- Held by both
- 51
- Only in UTI - Mid Cap
- 30
- Only in UTI Nifty Midcap 150 Index
- 99
| Security | % of UTI - Mid Cap | % of UTI Nifty Midcap 150 Index |
|---|---|---|
| EQ - FEDERAL BANK LTD. | 1.98% | 1.93% |
| EQ - HERO MOTOCORP LTD. | 1.76% | 1.68% |
| EQ - COFORGE LTD | 3.01% | 1.50% |
| EQ - BHARAT HEAVY ELECTRICALS LTD. | 1.78% | 1.49% |
| EQ - AU SMALL FINANCE BANK LTD | 2.75% | 1.45% |
| EQ - PERSISTENT SYSTEMS LTD. | 1.44% | 1.42% |
| EQ - MULTI COMMODITY EXCHANGE OF IN | 1.34% | 2.08% |
| EQ - IDFC FIRST BANK LTD | 1.49% | 1.33% |
| EQ - LENSKART SOLUTIONS LTD | 1.44% | 1.24% |
| EQ - LUPIN LTD. | 1.23% | 1.22% |
| EQ - ONE 97 COMMUNICATIONS LTD | 1.20% | 1.78% |
| EQ - SUZLON ENERGY LTD. | 1.69% | 1.19% |
| EQ - INFO-EDGE (INDIA) LTD. | 1.92% | 1.17% |
| EQ - AUROBINDO PHARMA LTD. | 2.24% | 1.14% |
| EQ - ASHOK LEYLAND LTD | 1.13% | 1.09% |
| EQ - APL APOLLO TUBES LTD | 2.11% | 0.98% |
| EQ - PB FINTECH LTD | 1.61% | 0.93% |
| EQ - SWIGGY LTD | 1.26% | 0.93% |
| EQ - MAX FINANCIAL SERVICES LTD. | 1.90% | 0.90% |
| EQ - PHOENIX MILLS LTD | 1.95% | 0.89% |
| EQ - SRF LTD. | 1.25% | 0.89% |
| EQ - ADITYA BIRLA CAPITAL LTD | 1.31% | 0.80% |
| REIT- EMBASSY OFFICE PARKS | 0.79% | 0.94% |
| EQ - INDIAN BANK | 1.35% | 0.70% |
| EQ - VISHAL MEGA MART LTD | 1.12% | 0.70% |
| EQ - MPHASIS LTD | 0.89% | 0.70% |
| EQ - 360 ONE WAM LIMITED | 1.43% | 0.67% |
| EQ - STEEL AUTHORITY OF INDIA LTD. | 1.22% | 0.65% |
| EQ - IPCA LABORATORIES LTD. | 1.16% | 0.65% |
| EQ - BILLIONBRAINS GARAGE VENTURES LTD | 0.65% | 0.65% |
| EQ - OIL INDIA LTD. | 1.13% | 0.60% |
| EQ - TORRENT POWER LTD. | 1.46% | 0.58% |
| EQ - JINDAL STAINLESS LTD. | 1.13% | 0.58% |
| EQ - PETRONET LNG LTD. | 1.00% | 0.53% |
| EQ - J.K.CEMENT LTD | 1.66% | 0.52% |
| EQ - MEESHO LTD | 0.76% | 0.52% |
| EQ - COROMANDEL INTERNATIONAL LTD. | 0.95% | 0.51% |
| EQ - TUBE INVESTMENTS OF INDIA LTD | 0.50% | 0.63% |
| EQ - BLUE STAR LIMITED | 2.55% | 0.49% |
| EQ - TATA COMMUNICATIONS LTD. | 1.00% | 0.48% |
| EQ - ITC HOTELS LTD. | 0.99% | 0.45% |
| EQ - LG ELECTRONICS INDIA LTD | 1.02% | 0.43% |
| EQ - BALKRISHNA INDUSTRIES LTD. | 0.89% | 0.42% |
| EQ - AJANTA PHARMA LTD. | 2.15% | 0.41% |
| EQ - ASTRAL LTD. | 0.95% | 0.41% |
| EQ - SCHAEFFLER INDIA LTD | 1.50% | 0.39% |
| EQ - BERGER PAINTS INDIA LTD. | 0.96% | 0.32% |
| EQ- GLOBAL HEALTH LTD. | 1.15% | 0.30% |
| EQ - BHARTI HEXACOM LTD | 1.45% | 0.26% |
| EQ - ENDURANCE TECHNOLOGIES LTD | 1.26% | 0.23% |
| EQ - ANTHEM BIOSCIENCES LTD | 1.15% | 0.23% |
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 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% |
Largest holdings only in UTI Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| EQ - LAURUS LABS LTD. | 1.90% |
| EQ - INDIAN HOTELS COMPANY LTD. | 1.58% |
| EQ - INDUSIND BANK | 1.46% |
| EQ - DIXON TECHNOLOGIES (INDIA) LTD | 1.35% |
| EQ - BHARAT FORGE LTD. | 1.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI - Mid Cap | UTI Nifty Midcap 150 Index |
|---|---|---|
| Equity | 96.7% | 99.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.3% | 0.8% |
Market cap of stocks
| Market cap | UTI - Mid Cap | UTI Nifty Midcap 150 Index |
|---|---|---|
| Large Cap | 11.3% | 5.7% |
| Mid Cap | 66.8% | 90.9% |
| Small Cap | 18.0% | 2.5% |
| Not on AMFI's list | 0.6% | 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 | UTI - Mid Cap | UTI Nifty Midcap 150 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.6% | 9.2% |
| Banks | 8.5% | 8.7% |
| Industrial Products | 7.0% | 3.0% |
| Finance | 6.2% | 6.8% |
| Retailing | 6.5% | 5.6% |
| Consumer Durables | 6.2% | 4.3% |
| Electrical Equipment | 5.6% | 6.0% |
| Capital Markets | 4.5% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
UTI - Mid Cap vs UTI Nifty Midcap 150 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI - Mid Cap Fund | UTI Nifty Midcap 150 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.27% | 0.72% |
| Base expense ratio (Direct) | 0.85% | 0.50% |
| Total expense ratio (Regular) | 1.97% | 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
UTI - Mid Cap Fund vs UTI Nifty Midcap 150 Index Fund: Frequently Asked Questions
What is the difference between UTI - Mid Cap Fund and UTI Nifty Midcap 150 Index Fund?
UTI - Mid Cap Fund is a Mid Cap fund, UTI Nifty Midcap 150 Index Fund is an Index fund, run by UTI Mutual Fund. Their portfolios overlap 41.4%. UTI - Mid Cap Fund charges 1.27% a year and UTI Nifty Midcap 150 Index Fund 0.72%.
Which has given higher returns, UTI - Mid Cap Fund or UTI Nifty Midcap 150 Index Fund?
Over 1 year: UTI - Mid Cap Fund −4.54%, 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, UTI - Mid Cap Fund or UTI Nifty Midcap 150 Index Fund?
UTI Nifty Midcap 150 Index Fund charges less: 0.72% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI - Mid Cap Fund and UTI Nifty Midcap 150 Index 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, UTI - Mid Cap Fund or UTI Nifty Midcap 150 Index Fund?
On SEBI's riskometer, UTI - Mid Cap Fund is rated Very High and UTI Nifty Midcap 150 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 15.55% and 16.54% a year.
Can I invest in both UTI - Mid Cap Fund and UTI Nifty Midcap 150 Index 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 UTI - Mid Cap Fund and UTI Nifty Midcap 150 Index Fund?
UTI - Mid Cap Fund: Vishal Chopda FM 1. 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.