UTI Nifty India New Age Consumption Index Fund NFO Closes on November 5

Key Takeaways

• UTI Mutual Fund's Nifty India New Age Consumption Index Fund closes its new fund offer on 5 November 2026 after opening on 22 October.
• The passive scheme aims to track the Nifty India New Age Consumption Total Returns Index, which comprises 75 stocks.
• The fund has a minimum lump-sum investment of ₹1,000, a minimum SIP amount of ₹500 and a scheduled allotment date of 11 November.

UTI's New Age Consumption Index Fund NFO Nears Closure

UTI Mutual Fund's Nifty India New Age Consumption Index Fund is scheduled to close its new fund offer on Thursday, 5 November 2026.

The scheme opened for subscription on 22 October and follows a passive investment strategy linked to the Nifty India New Age Consumption Total Returns Index.

The index consists of 75 stocks representing businesses associated with different segments of India's consumption economy.

The fund aims to replicate the benchmark rather than select securities through an actively managed stock-picking strategy.

Key Details of the UTI Index Fund

The scheme's initial offer price is ₹10 per unit, according to the fund house.

What Does the New Age Consumption Index Cover?

The Nifty India New Age Consumption Index captures listed companies operating in industries associated with evolving consumer spending.

According to UTI Mutual Fund's official product information, the benchmark includes companies drawn from industries such as passenger cars and utility vehicles, two- and three-wheelers, gems, jewellery and watches, hotels and resorts, and financial technology.

Its constituents are weighted using free-float market capitalisation.

The resulting portfolio provides exposure to a defined consumption theme rather than the entire listed equity market.

The index's industry composition and constituent weights can change through periodic rebalancing under its methodology.

Passive Investment Strategy

The UTI fund will seek to replicate the underlying benchmark by investing in its constituent securities in broadly corresponding proportions.

The objective is to generate returns that, before expenses, correspond to the benchmark's total returns, subject to tracking error.

Tracking error can arise from expenses, cash balances, transactions, index rebalancing and differences between the scheme's holdings and index weights.

Consequently, the fund's actual NAV returns may differ from the performance reported by the index.

The scheme is classified as Very High Risk under its disclosed risk-o-meter.

Subscription and Allotment Schedule

The NFO is scheduled to close on 5 November 2026, with allotment planned for 11 November.

The fund house lists ₹1,000 as the minimum initial lump-sum investment and ₹500 as the minimum SIP amount.

These thresholds relate to the scheme's transaction requirements and do not alter its underlying equity-market risk.

The offer adds a consumption-focused passive product to UTI Mutual Fund's index fund range.

As with other thematic index funds, the returns will depend on the performance of the underlying constituents, changes in sector valuations and the scheme's ability to track its benchmark.