UTI Nifty India New Age Consumption Index Fund NFO Opens on October 22

Key Takeaways

• The UTI Nifty India New Age Consumption Index Fund NFO opens on October 22 and closes on November 5, 2026.
• The scheme will track the Nifty India New Age Consumption Total Return Index.
• The minimum initial investment during the NFO is ₹1,000.

UTI Mutual Fund has opened the new fund offer of the UTI Nifty India New Age Consumption Index Fund, adding another thematic passive strategy to its product range.

The NFO opens for subscription on October 22, 2026, and is scheduled to close on November 5, 2026. The minimum initial investment is ₹1,000. The scheme has been structured as an open-ended index fund.

Its investment objective is to generate returns that, before expenses, correspond to the total returns of securities represented by the underlying index, subject to tracking error. As with other index funds, there is no assurance that the investment objective will be achieved.

The scheme is benchmarked against the Nifty India New Age Consumption Total Return Index. Rather than tracking the wider market, the index provides exposure to businesses associated with evolving consumption patterns.

The Securities and Exchange Board of India records show that UTI Mutual Fund filed the draft documents for the scheme on August 14, 2026.

UTI AMC had also indicated earlier in 2026 that it planned to widen its passive-fund range. During an earnings interaction in April, the AMC named Nifty India New Age Consumption among the indices on which it intended to develop passive products.

The latest launch comes as asset managers continue to expand beyond broad-market index products into more narrowly defined sectors and investment themes.

Unlike an actively managed equity scheme, the portfolio composition of the UTI Nifty India New Age Consumption Index Fund will primarily be determined by its underlying index. Consequently, its performance will broadly depend on the movement of that index after accounting for expenses and tracking difference.