UTI Mid Cap Fund is an open-ended equity scheme investing predominantly in mid-cap companies. Mid-cap stocks fall in between the large-cap and small-cap stocks and are typically determined based on the market capitalization of the companies. As defined by SEBI, 101st to 250th companies by full market capitalization are mid-cap stocks. A mid-cap fund predominantly invests in mid-cap stocks with a minimum of 65% of the fund’s corpus in equity & equity-related instruments of mid-cap companies.
The Fund has about 67% invested into mid-cap companies, 18% into small-cap companies, and remaining in large-cap companies as of August 31, 2021. The scheme’s top holding consists of SRF Ltd., PI Industries Ltd., Mphasis Ltd., Jubilant Foodworks Ltd., Cholamandalam Investment and Financial Services Ltd., Tube Investments of India Ltd., Gujarat Gas Ltd., Crompton Greaves Consumer Electronics Ltd., L&T Technology Services Ltd. and Bharat Forge Ltd., which accounts for about 29% of the portfolio’s holdings.
UTI Mid Cap Fund is suitable for investors looking for an investment in a portfolio predominantly investing in mid-cap companies and looking to supplement their core equity portfolio with its underlying growth potential.