UTI Nifty Midcap 150 ETF

About UTI Nifty Midcap 150 ETF- NIFMID150

• UTI Nifty Midcap 150 ETF is an open-ended exchange-traded fund offered by the UTI Mutual Fund House.
• The scheme was launched on August 30, 2023.
• The ETF invests in midcap companies listed on the NSE.
• Ayush Jain is the fund manager for the scheme.
• The total assets under management (AUM) stood at ₹5.52 crore as of July 31, 2024.
• Retail buyers can invest in UTI Nifty Midcap 150 ETF using their demat account registered with recognised brokers or financial institutions.
• Like equities, buy orders for the ETF can be placed during the usual trading hours of the National Stock Exchange.

Investment Objective & Benchmark

• Nifty Midcap 150 ETF aims to provide returns that correspond to the total returns of the securities as represented by the underlying index.
• The ETF is benchmarked against the Nifty Midcap 150 index and is designed to reflect the performance of the index
• NIFTY Midcap 150 comprises stocks of companies with robust business models and the potential to become tomorrow’s large caps.
• The ETF provides a relatively low-cost option to participate in the midcap segment of the market.
• The scheme allows investors to participate in India's growth story by investing in midcap companies listed on the NSE.

Asset Allocation & Portfolio Composition

• UTI Nifty Midcap 150 ETF invests in 38.38% of the funds in equity. The remaining 61.55% is invested in non-capital assets, debt and other assets.
• The ETF has allocated 17.98% of its funds to the financial sector, 16.12% to capital goods, 10.55% to healthcare and 7.88% to the automobile sector.
• The scheme will track the underlying index and will use a passive or indexing approach to achieve the scheme’s investment objective.
• The top 10 company holdings make up 15.79% of the ETF’s asset allocation.

List of top company holdings in the UTI Nifty Midcap 150 ETF:

• Suzlon Energy Ltd. – 2.17%
• Max Healthcare Institute Ltd. – 2.01%
• Indian Hotels Company Ltd. – 1.64%
• Cummins India Ltd. – 1.54%
• Persistent Systems Ltd. – 1.50%
• Yes Bank Ltd. – 1.42%
• Federal Bank Ltd. – 1.41%
• CG Power and Industrial Solutions Ltd. – 1.39%
• Lupin Ltd. – 1.36%
• Dixon Technologies (India) Ltd. – 1.34%

UTI Nifty Midcap 150 ETF has yielded a return of 52.47% since its inception, as of July 31, 2024, compared to the benchmark returns of 52.82%