New Fund Offer: UTI Mutual Fund has launched an open-ended scheme that will track the S&P BSE Low Volatility Total Return Index.
New Fund Offer: UTI Mutual Fund has launched an open-ended scheme that will track the S&P BSE Low Volatility Total Return Index. It has been named UTI S&P BSE Low Volatility Index Fund. The S&P Low Volatility Index is designed in such a way that it tracks the performance of 30 companies included in the S&P BSE BSE Large-Midcap which are least volatile. This NFO (New Fund Offer) has opened for subscription on 14 February and will be able to invest money till 25 February 2022. After this, this scheme will again open for subscription and redemption on 7 March 2022.
Highlights of UTI S&P BSE Low Volatility Index Fund
- This NFO has launched an open-ended scheme that will track the S&P BSE Low Volatility Total Return Index.
- Under this scheme, a minimum of Rs 5000 and above can be invested in multiples of Rs. After this, under a folio, you can invest at least one thousand rupees and above in multiples of one rupee.
- There is no entry load and exit load under this scheme.
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- The objective of this scheme is to get the return on capital invested as per the underlying index.
- The fund will be managed by Shravan Kumar Goel, Head (Passive, Arbitrade and Quant Strategies), UTI AMC.
Which investors should invest in this?
Investors who want to invest in such companies whose shares do not fluctuate much. Apart from this, this fund is a better option for those who want to invest in such businesses which generate economic value. The funds of this fund will be invested in less volatile companies included in the S&P BSE LargeMiccap Index, which will give investors better returns on their capital in the medium to long term and also reduce the risk.
(Investment in Mutual Funds is subject to market risks, so please consult your investment advisor before investing.)
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