Mumbai: UTI Mutual Fund (UTI MF) has launched a new passive fund – UTI Nifty India New Age Consumption Index Fund (An open ended scheme replicating/tracking Nifty India New Age Consumption Total Return Index (TRI)). The NFO opened on Thursday, October 22, 2026, and will close on Thursday, November 5, 2026.

  • About UTI Nifty India New Age Consumption Index Fund:

UTI Nifty India New Age Consumption Index Fund is passively managed index fund that seeks to replicate the performance of the Nifty India New Age Consumption Total Return Index (TRI), subject to tracking error. However, there is no assurance that the investment objective of the scheme will be achieved. The fund provides investors with exposure to a portfolio of companies representing the new age consumption theme from the Nifty 500 universe through a rules-based investment approach.

The underlying index i.e. the Nifty India New Age Consumption Index aims to capture companies which belong to basic industries such as Passenger Cars & Utility Vehicles, 2/3 Wheelers, gems, Jewellery and Watches, Hotels & Resorts, Financial Technology (Fintech) etc. The index comprises of 75 stocks. The weight of each stock in the index is based on its free-float market capitalization.

  • Sharwan Goyal, Head – Passive, Arbitrage and Quant Strategies and FM (Equity), UTI AMC said:

“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. The index currently comprises 75 stocks weighted by free-float market capitalisation and offers diversified exposure to businesses representing emerging consumption trends through a transparent and systematic portfolio-construction approach. Policy measures such as income-tax relief and GST rationalisation could provide further impetus to consumption revival and support a recovery in consumption-led growth. UTI’s offering based on this index further expands its passive product suite, providing investors with an opportunity to access this evolving theme through a rules-based investment framework.”