UTI Mid Cap Fund Direct Growth

UTI Mid Cap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 04-12-2024

₹ 345.11

0.5%

1D

Inception Returns

20.8%

/yr

About UTI Mid Cap Fund Direct Growth

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 ₹11894 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.9.

Returns

UTI Mid Cap Fund Direct Growth has given a CAGR return of 20.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.38%, 19.67% and 27.09% 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, Utilities, Real Estate, Energy. Its top holdings are Coforge Ltd, Tube Investments of India Ltd Ordinary Shares, Persistent Systems Ltd, Alkem Laboratories Ltd, Phoenix Mills 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2077 people have invested ₹ 2.2Cr in UTI Mid Cap Fund Direct Growth in the last three months

INDmoney Rank for UTI Mid Cap Fund Direct Growth

Powered by IND quant engine
16
/19
29% Performance
34% Risk Management
57% Cost
16 out of 19 among mid-cap
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns
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3Y returns in the bottom 25% of the category

UTI Mid Cap Fund Direct Growth Overview

Expense ratio0.9%
Benchmark
S&P BSE Midcap TR INR
AUM₹11894 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
36.32%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (04-Dec-24)

Period
UTI Mid Cap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
3.8%
3.5%
3.5%
3M
-2.8%
-1.9%
-1.2%
6M
19.1%
16.3%
18.7%
1Y
31.4%
31.8%
35.2%
3Y
19.7%
23.4%
23%
5Y
27.1%
27.9%
27%

Fund Distribution

as on (31-Oct-24)

  • Equity 96.8%

  • Debt & Cash 3.2%

Mid cap
66.4%

Small cap
23.5%

Large cap
6.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Consumer Cyclical
20.1%
Industrial
18.6%
Financial Services
17.8%
Tech
12.2%
Health
11.1%
Basic Materials
9.7%
Communication
3.4%
Consumer Defensive
2.3%
Utilities
2.1%
Real Estate
2.1%
Energy
0.6%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.32%
0.78%
2.03%
Nifty Midcap 150
-6.72%
2.05%
1.01%
  • This fund’s returns stands at -6.32% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
  • This fund outperformed Nifty Midcap 150 by 0.40% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 11.9K Cr
₹ 12.7K Cr
₹ 12.6K Cr
  • AUM of the fund stands at 11.9K Cr as of Oct'24
  • AUM decreased by 813.9 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Coforge Ltd's allocation increased from 2.18% to 2.53%
Coforge Ltd's allocation increased from 2.18% to 2.53%
Indian Bank's allocation increased from 1.34% to 1.62%
Indian Bank's allocation increased from 1.34% to 1.62%
Max Financial Services Ltd's allocation increased from 1.68% to 1.94%
Max Financial Services Ltd's allocation increased from 1.68% to 1.94%
Top Stocks sold last month
Persistent Systems Ltd's allocation decreased from 2.28 % to 2.04 %
Persistent Systems Ltd's allocation decreased from 2.28 % to 2.04 %
Phoenix Mills Ltd's allocation decreased from 2.25 % to 2.01 %
Phoenix Mills Ltd's allocation decreased from 2.25 % to 2.01 %
Bharat Forge Ltd's allocation decreased from 1.93 % to 1.92 %
Bharat Forge Ltd's allocation decreased from 1.93 % to 1.92 %
Mid Cap allocation has gone down from 66.8% to 66.4%
Mid Cap allocation has gone down from 66.8% to 66.4%
Large Cap allocation has gone up from 6.5% to 6.9%
Large Cap allocation has gone up from 6.5% to 6.9%
Small Cap allocation has gone down from 24.4% to 23.5%
Small Cap allocation has gone down from 24.4% to 23.5%
Cash allocation has gone up from 2.1% to 3%
Cash allocation has gone up from 2.1% to 3%
Debt allocation has gone up from 0.1% to 0.1%
Debt allocation has gone up from 0.1% to 0.1%

Top 3 Sectors in October were Consumer Cyclical, Industrial & Financial Services

Oct'24
Consumer Cyclical
20%
Industrial
19%
Financial Services
18%
Sep'24
Consumer Cyclical
20%
Industrial
19%
Financial Services
18%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
89
89
88
Top 5 Company Concentration
10.7%
10.5%
10.4%
Company having highest exposure
Coforge Ltd (2.5%)
Phoenix Mills Ltd (2.2%)
Phoenix Mills Ltd (2.2%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
79.8%
79%
78.9%
Sector having highest exposure
Consumer Cyclical (20.1%)
Consumer Cyclical (20.4%)
Consumer Cyclical (20.3%)
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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
19.48%
22.69%
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.37L Cr
as on 31-Oct-2024
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
service@uti.co.in

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has increased expense ratio by 15.4% moving from 0.78 to 0.90.
Insights icon
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 62.96% return, outperforming this fund by 31.58%.
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This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.9% which is lower than the category average expense ratio of 1.14%.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 34.65% return, outperforming this fund by 7.56% per annum.
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Over the last 1 month, this fund has experienced a 6.4% drop in AUM moving from 12.70K Cr to 11.89K Cr.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 36.95% return, outperforming this fund by 17.28% per annum.

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 20.78% since inception which is more than its category average return of 19.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.82% in Equity, 0.14% in Debt and 3.04% in Cash related instruments
AUM size ₹11894 Cr

AUM size ₹11894 Cr

This fund has AUM of ₹11894 Cr which is more than its category average of ₹ 9389 Cr
Expense Ratio 0.9%

Expense Ratio 0.9%

This fund has an expense ratio of 0.9% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for UTI Mid Cap Fund Direct Growth

The current NAV of UTI Mid Cap Fund Direct Growth is ₹345.11 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
UTI Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.77%
3.77%
6 Month Returns
19.11%
19.11%
1 Year Returns
31.38%
31.38%
3 Years Returns
71.37%
19.67%
5 Years Returns
231.61%
27.09%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.9% as on November 2024
₹11894 Cr as on November 2024
Coforge Ltd(2.53%), Tube Investments of India Ltd Ordinary Shares(2.11%), Persistent Systems Ltd(2.04%), Alkem Laboratories Ltd(2.02%), Phoenix Mills Ltd(2.01%) as on November 2024
Consumer Cyclical(19.45%), Industrial(18.02%), Financial Services(17.26%) as on November 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
0.14
-2.04
1.01
As on November 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
0.94
0.88
0.87
As on November 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
1.48
0.89
1.04
As on November 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
13.99
14.31
19.61
As on November 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 1.64 as on November 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%