UTI Mutual Fund Opens New Age Consumption Index Fund NFO
The NFO of the UTI Nifty India New Age Consumption Index Fund runs from 22 October to 5 November 2026.
Key Takeaways
- The NFO opened on 22 October and closes on 5 November 2026.
- The fund tracks the Nifty India New Age Consumption TRI, which has 75 stocks.
- The minimum investment during the NFO is Rs 1,000.
- Regular and Direct plans both offer only a Growth option.
- Sharwan Kumar Goyal manages the fund, with Ayush Jain and Lokesh Kulthia as assistants.
UTI Mutual Fund has opened the new fund offer (NFO) of the UTI Nifty India New Age Consumption Index Fund, a passive equity scheme. The NFO runs from 22 October to 5 November 2026.
The open-ended scheme tracks the Nifty India New Age Consumption Total Return Index (TRI), which has 75 stocks. The minimum investment during the NFO is Rs 1,000.
UTI Mutual Fund's new age consumption fund at a glance
| Detail | UTI Mutual Fund |
|---|---|
| Scheme | UTI Nifty India New Age Consumption Index Fund |
| Type | Open-ended index fund |
| NFO opens | 22 October 2026 |
| NFO closes | 5 November 2026 |
| Benchmark index | Nifty India New Age Consumption TRI |
| Minimum investment in the NFO | Rs 1,000 |
| Plans and option | Regular and Direct, Growth option only |
| Fund managers | Sharwan Kumar Goyal, with Ayush Jain and Lokesh Kulthia as assistant fund managers |
| Risk level | Very High |
What the new age consumption index holds
The fund aims to give returns that, before expenses, track the total return of the Nifty India New Age Consumption TRI, subject to tracking error. UTI Mutual Fund said there is no assurance that this objective will be met.
The index covers companies in areas such as passenger cars and utility vehicles, two and three wheelers, gems and jewellery, hotels and resorts, and fintech. It has 75 stocks, and each stock is weighted by its free-float market capitalisation.
How the NFO is structured for investors
Investors can apply with a minimum of Rs 1,000 during the NFO period. Both the Regular and the Direct plan offer only a Growth option.
The scheme is managed by Sharwan Kumar Goyal, who is Head of Passive, Arbitrage and Quant Strategies at UTI AMC. Ayush Jain and Lokesh Kulthia are the assistant fund managers.
Where the UTI index fund stands during its NFO window
The UTI Nifty India New Age Consumption Index Fund is open for subscription from 22 October to 5 November 2026. It tracks an index of 75 stocks drawn from new age consumption areas and is rated Very High on the riskometer.
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Frequently Asked Questions
What is the UTI Nifty India New Age Consumption Index Fund?
When does the UTI Nifty India New Age Consumption Index Fund NFO open?
When does the UTI Mutual Fund NFO close?
How much is the minimum investment in the UTI Nifty India New Age Consumption Index Fund NFO?
Which index does the UTI Nifty India New Age Consumption Index Fund track?
How many stocks are in the Nifty India New Age Consumption index?
What sectors does the index cover?
Who manages the UTI Nifty India New Age Consumption Index Fund?
How does the UTI Mutual Fund scheme aim to generate returns?
Which plans and options does the UTI Nifty India New Age Consumption Index Fund have?
How risky is the UTI Nifty India New Age Consumption Index Fund rated?
Who is Sharwan Kumar Goyal at UTI Mutual Fund?
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