HealthyDirect · GrowthFit for a long SIP
UTI Nifty India Manufacturing Index Fund
UTI Mutual FundIndex Funds - Equity Funds1.7 years
The scheme seeks to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error.
- NAV
- 11.5996
- 30 Oct 2026
- 1Y
- -2.3%
- Trailing CAGR
- AUM
- ₹30.61 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 1-year windows.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Buy checklist
History depth
Fail
1.7 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.72% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -12.9%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Lokesh Kulthia · 0.4 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 37.1% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 13%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-2.3%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+10.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-6.4%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +10.6%
- Calendar-day CAGR
- Excess 1Y
- +3.8%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -12.9%
- Worst peak-to-trough
- Current
- -10.6%
- Below last peak
- Current spell
- 84 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 11 days
- 24 recovered episodes
- Longest recovery
- 37 days
- Trough to prior peak
7 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-12.9%
26 Feb 2026 – 7 May 2026
Trough 31 Mar 2026 · recovered in 37 days
-12.2%
24 Mar 2025 – 23 Apr 2025
Trough 7 Apr 2025 · recovered in 16 days
-9.7%
6 Jan 2026 – 10 Feb 2026
Trough 21 Jan 2026 · recovered in 20 days
-5.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
17
Vs category
74
Consistency
100
Risk-adjusted
43
Drawdown
68
Mean
60
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 1-year windows.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 78 holdings · top 10 are 37.1%.
- Top 5
- 21.9%
- Top 10
- 37.1%
- Largest holding
- 5.0%
- Effective holdings
- 44.9
Mahindra & Mahindra Ltd
Consumer Discretionary
5.0%
Reliance Industries Ltd
Energy & Utilities
5.0%
Sun Pharmaceutical Industries Ltd
Healthcare
4.6%
Maruti Suzuki India Ltd
Consumer Discretionary
3.7%
Tata Steel Ltd
Materials
3.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life BSE 500 Quality 50 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -4.2%
- 3Y
- n/a
- Vol
- 13.6%
- Max DD
- -11.4%
- Sharpe
- -0.34
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Aditya Birla Sun Life Nifty 50 Equal Weight index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -5.1%
- 3Y
- +11.3%
- Vol
- 13.7%
- Max DD
- -18.0%
- Sharpe
- 0.46
- 3Y win
- +28%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
UTI Nifty Midcap 150 Quality 50 Index Fund
UTI Mutual Fund
- 1Y
- -8.3%
- 3Y
- +7.2%
- Vol
- 14.6%
- Max DD
- -21.4%
- Sharpe
- 0.12
- 3Y win
- 0%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Aditya Birla Sun Life Nifty Midcap 150 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -4.7%
- 3Y
- +13.5%
- Vol
- 16.7%
- Max DD
- -21.2%
- Sharpe
- 0.68
- 3Y win
- +100%
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Axis BSE Sensex Index Fund
Axis Mutual Fund
- 1Y
- -10.9%
- 3Y
- n/a
- Vol
- 13.5%
- Max DD
- -16.0%
- Sharpe
- -0.22
- 3Y win
- n/a
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns