UTI Mutual Fund Opens NFO for 75-Stock New Age Consumption Index Fund

UTI Mutual Fund has launched the UTI Nifty India New Age Consumption Index Fund, an open-ended passive equity scheme tracking the Nifty India New Age Consumption TRI. The new fund offer opened on October 22 and closes on November 5, 2026, with a minimum initial investment of ₹1,000, CNBC TV18 reported. The details were reported by CNBCTV18.

What the UTI New Age Consumption Fund Tracks

The scheme seeks to replicate the performance of the Nifty India New Age Consumption Total Return Index, subject to tracking error, through a rules-based investment approach. The underlying index comprises 75 stocks from the Nifty 500 universe, with individual stock weights determined by free-float market capitalisation. Its coverage includes passenger cars and utility vehicles, two-wheelers and three-wheelers, gems and jewellery, watches, hotels and resorts, and financial technology.

Additional investments are accepted in multiples of ₹1. The scheme offers both Direct and Regular plans, with only the Growth option available. Sharwan Kumar Goyal will manage the fund, with Ayush Jain and Lokesh Kulthia as assistant fund managers. The benchmark is the Nifty India New Age Consumption TRI. The scheme has no entry load and no exit load, according to the fund house.

The fund follows a passive investment strategy, seeking to mirror the composition and performance of its benchmark index rather than selecting stocks through active stock-picking. Returns may differ from those of the index because of tracking error, and the fund house has stated that achievement of the investment objective is not assured.

"The Nifty India New Age Consumption Index captures India's evolving consumption landscape, spanning industries such as e-commerce, quick commerce, passenger vehicles, two- and three-wheelers, gems and jewellery, hotels and resorts, and financial technology," said Sharwan Goyal, Head – Passive, Arbitrage and Quant Strategies and Fund Manager (Equity) at UTI AMC. He also cited income-tax relief and GST rationalisation as policy measures that could support consumption demand and a recovery in consumption-led growth.

UTI Mutual Fund's Recent Investment Activity

UTI Mutual Fund acquired a stake in Anthem Biosciences via a secondary-market transaction alongside HDFC MF, SBI MF, Bajaj Life Insurance, and others in a Rs 1,274.69 crore deal for a combined 3.05% stake, according to akta.pro company records. The same records show the fund participated as an anchor investor in the Bagmane Prime Office REIT IPO, committing Rs 1,150 crore alongside SBI Life Insurance and Kotak Mahindra MF in a Rs 3,405 crore issue. UTI Mutual Fund also invested in Vedanta Ltd's Rs 2,575 crore non-convertible debenture issue priced at an 8.95% coupon, participating in an oversubscribed institutional debt placement.

Earlier UTI Mutual Fund Launches

UTI Mutual Fund opened the NFO for two new passive funds tracking the BSE India Sector Leaders Index on August 31, 2026, with the ETF being the industry's first such ETF, Business Today reported. The NFO ran until September 11, 2026, with minimum investments of Rs 5,000 for the ETF and Rs 1,000 for the index fund. UTI Mutual Fund and Bank of India Mutual Fund launched three new equity schemes with NFOs closing September 11, 2026, Business Today reported. UTI Balanced Hybrid Fund Regular Plan, a balanced hybrid scheme with a 50:50 equity-debt allocation, launched on August 14, 2026, with a minimum investment of Rs 1,000, the Financial Express reported.