UTI Mid Cap Fund Direct Growth

Equity
Direct
Mid-Cap
UTI Mid Cap Fund Direct Growth

About the Fund

UTI Mid Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Ankit Agarwal. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. UTI Mid Cap Fund Direct Growth has ₹11692 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

UTI Mid Cap Fund Direct Growth has given a CAGR return of 21.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 41.71%, 21.74% and 27.67% respectively.

Holdings

UTI Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Tech, Health, Basic Materials, Government, Communication, Consumer Defensive, Real Estate, Utilities, Energy. Its top holdings are Bharat Forge Ltd, Phoenix Mills Ltd, Tube Investments of India Ltd Ordinary Shares, Astral Ltd, Supreme Industries Ltd

Taxation

As it is a mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of UTI Mid Cap Fund Direct Growth

The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of mid cap companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. UTI Mid Cap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1769 people have invested ₹ 2.6Cr in UTI Mid Cap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
16
/19
32% Performance
30% Risk Management
65% Cost
16 out of 19 among mid-cap
img
Beats FD returns for both 3Y & 5Y
img
Has not generated consistent returns
img
3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.78%
Benchmark
S&P BSE Midcap TR INR
AUM₹11692 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
14.92%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.6%

  • Debt & Cash 2.4%

Mid cap
67.1%
Small cap
20.9%
Large cap
8.2%
Sector Allocation

Jun'24

May'24

Apr'24

Consumer Cyclical
22%
Industrial
19.9%
Financial Services
18.1%
Tech
10.4%
Health
9.8%
Basic Materials
7.8%
Communication
3.1%
Consumer Defensive
2.4%
Real Estate
2.4%
Utilities
2.3%
Energy
1.9%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
Bharat Forge Ltd
Bharat Forge Ltd
2.31%
0%
Phoenix Mills Ltd
Phoenix Mills Ltd
2.3%
0%
Tube Investments of India Ltd Ordinary Shares
Tube Investments of India Ltd Ordinary Shares
1.99%
0%
Astral Ltd
Astral Ltd
1.95%
0%
Supreme Industries Ltd
Supreme Industries Ltd
1.9%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
UTI Mid Cap Fund Direct Growth
UTI Mid Cap Fund Direct Growth
41.7%
21.7%
27.7%
21.1%
ITI Mid Cap Fund Direct Growth
ITI Mid Cap Fund Direct Growth
70.9%
26.4%
-
28.7%
Motilal Oswal Midcap Direct Growth
Motilal Oswal Midcap Direct Growth
68.4%
39.5%
34.7%
25.9%
Quant Mid Cap Fund Growth Option Direct Plan
Quant Mid Cap Fund Growth Option Direct Plan
65.5%
33.7%
38.7%
20.8%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Persistent Systems Ltd
Persistent Systems Ltd
19.9%
Whirlpool of India Ltd
Whirlpool of India Ltd
11.4%
Oracle Financial Services Software Ltd
Oracle Financial Services Software Ltd
10.5%

Ankit Agarwal
Ankit Agarwal
Fund Manager of UTI Mid Cap Fund Direct Growth, since 30 August 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
UTI Mid Cap Fund-Growth Option- Direct
21.74%
24.55%

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.78% which is lower than the category average expense ratio of 1.14%.
Insights icon
Over the last 1 year, this fund has decreased expense ratio by 20.4% moving from 0.98 to 0.78.
Insights icon
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.74% return, outperforming this fund by 11.07% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 17.6% growth in AUM moving from 9.94K Cr to 11.69K Cr.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 39.47% return, outperforming this fund by 17.72% per annum.
Insights icon
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 68.43% return, outperforming this fund by 26.71%.

UTI Mid Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 21.14% since inception which is more than its category average return of 20.29%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.6% in Equity, 0.14% in Debt and 2.26% in Cash related instruments
AUM size ₹11692 Cr

AUM size ₹11692 Cr

This fund has AUM of ₹11692 Cr which is more than its category average of ₹ 8824 Cr
Expense Ratio 0.78%

Expense Ratio 0.78%

This fund has an expense ratio of 0.78% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of UTI Mid Cap Fund Direct Growth is ₹336.03 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
UTI Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.77%
2.77%
6 Month Returns
23.32%
23.32%
1 Year Returns
41.71%
41.71%
3 Years Returns
80.44%
21.74%
5 Years Returns
239.18%
27.67%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.78% as on June 2024
₹11692 Cr as on June 2024
Bharat Forge Ltd(2.31%), Phoenix Mills Ltd(2.3%), Tube Investments of India Ltd Ordinary Shares(1.99%), Astral Ltd(1.95%), Supreme Industries Ltd(1.9%) as on June 2024
Consumer Cyclical(21.45%), Industrial(19.41%), Financial Services(17.63%) as on June 2024
The alpha ratio for the UTI Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
UTI Mid Cap Fund Direct Growth
-4.15
-1.64
0.5
As on June 2024
The alpha for UTI Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the UTI Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
UTI Mid Cap Fund Direct Growth
0.86
0.86
0.87
As on June 2024
The Beta for UTI Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the UTI Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
UTI Mid Cap Fund Direct Growth
2.42
1.18
1.01
As on June 2024
The sharpe ratio for UTI Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the UTI Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
UTI Mid Cap Fund Direct Growth
12.26
13.62
19.84
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.4 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ankit Agarwal is the fund manager of UTI Mid Cap Fund Direct Growth
The Exit load of UTI Mid Cap Fund Direct Growth is 1%