MonitorDirect · GrowthWatch before adding
UTI - Nifty Next 50 Index Fund
UTI Mutual FundIndex Funds - Equity Funds8.3 years
The scheme seeks to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
- NAV
- 25.0312
- 28 Oct 2026
- 1Y
- -2.2%
- Trailing CAGR
- AUM
- ₹7,294.63 Cr
- 30 Sept 2026
- Volatility
- High
- 18.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 68% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Prefer peers if · Prefer Aditya Birla Sun Life BSE 500 Quality 50 Index Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
8.3 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.46% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -39.9%. Ask whether you can hold through a similar fall.
Vs category
Pass
68% of rolling 3Y windows beat the category median, same plan and option.
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 ≈ 33.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
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 40%. 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
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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-2.2%
- 3Y+16.0%
- 5Y+10.6%
- 10Yn/a
- SI+11.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-4.7%
- 3Y+3.0%
- 5Y+10.3%
- 10Yn/a
- Since inception
- +11.6%
- Calendar-day CAGR
- Excess 1Y
- +4.5%
- Category median, same plan and option
- 3Y win rate
- +68%
- Windows beating the median
- 3Y percentile
- 85
- Vs comparable share classes
- SIP 3Y XIRR
- +3.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +9.3%
- 1315 daily-ending windows
- Median rolling 3Y
- +18.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 820 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -39.9%
- Worst peak-to-trough
- Current
- -12.3%
- Below last peak
- Current spell
- 761 days
- Days below latest peak
- Time below peak
- +91%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 14 days
- 58 recovered episodes
- Longest recovery
- 253 days
- Trough to prior peak
31 Aug 2018 – 1 Dec 2020
Trough 23 Mar 2020 · recovered in 253 days
-39.9%
27 Sept 2024 – open
Trough 28 Feb 2025 · not recovered
-26.5%
18 Oct 2021 – 12 Sept 2022
Trough 20 Jun 2022 · recovered in 84 days
-20.3%
15 Sept 2022 – 6 Sept 2023
Trough 28 Mar 2023 · recovered in 162 days
-18.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
85
Vs category
78
Consistency
59
Risk-adjusted
44
Drawdown
0
Mean
53
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 68% of rolling 3-year windows.
- Three-year return is above the category median.
Portfolio
30 Sept 2026 · 50 holdings · top 10 are 33.7%.
- Top 5
- 19.5%
- Top 10
- 33.7%
- Largest holding
- 4.8%
- Effective holdings
- 42.2
Divi's Laboratories Ltd
Healthcare
4.8%
TVS Motor Company Ltd
Consumer Discretionary
4.0%
Hindustan Aeronautics Ltd
Industrials
3.6%
Tata Motors Ltd
Industrials
3.6%
Adani Power Ltd
Energy & Utilities
3.5%
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
- -4.4%
- 3Y
- n/a
- Vol
- 13.6%
- Max DD
- -11.4%
- Sharpe
- -0.34
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Axis Nifty Bank Index Fund
Axis Mutual Fund
- 1Y
- -6.4%
- 3Y
- n/a
- Vol
- 16.3%
- Max DD
- -18.3%
- Sharpe
- 0.04
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Axis Nifty Midcap 50 Index Fund
Axis Mutual Fund
- 1Y
- -2.3%
- 3Y
- +14.5%
- Vol
- 17.1%
- Max DD
- -20.3%
- Sharpe
- 0.64
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
JioBlackRock Nifty Midcap 150 Index Fund
Jio BlackRock Mutual Fund
- 1Y
- -4.2%
- 3Y
- n/a
- Vol
- 15.9%
- Max DD
- -14.0%
- Sharpe
- -0.37
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
Zerodha Mutual Fund
- 1Y
- -6.6%
- 3Y
- n/a
- Vol
- 15.1%
- Max DD
- -18.7%
- Sharpe
- 0.35
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns