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UTI Mutual Fund launches Two New Passive Funds

Takendra Verma
Last updated: 16/11/2024 2:42 PM
Takendra Verma
Published: 16/11/2024
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UTI Mutual Fund offers an excellent opportunity for investors to invest in a well-diversified portfolio. These funds use a passive strategy, which means they track specific market indices.

Contents
UTI Nifty Alpha Low-Volatility 30 Index FundUTI Nifty Midcap 150 Index Fund

They are cost-effective compared to actively managed funds, providing a more affordable way to invest while benefiting from UTI’s experience in managing index funds.

UTI Nifty Alpha Low-Volatility 30 Index Fund

The UTI Nifty Alpha Low-Volatility 30 Index Fund offers investors a chance to invest in a diversified portfolio of 30 companies.

These companies are selected based on their Alpha and Low Volatility Score, helping the fund remain stable across different market conditions. It’s a good option for those seeking both growth and stability.

Scheme Objective: The goal is to match the return of the Nifty Alpha Low-Volatility 30 Index, though returns are not guaranteed.

Asset Allocation

1) 95-100% in equities of the Nifty Alpha Low-Volatility 30 Index

2) 0-5% in debt and money market instruments like treasury bills or liquid mutual funds

Benchmark: The fund tracks the Nifty Alpha Low-Volatility 30 TRI.

Minimum Investment: ₹1000, and after that, you can invest in multiples of ₹1.

Entry Load: There is no entry load for this fund.

UTI Nifty Midcap 150 Index Fund

The UTI Nifty Midcap 150 Index Fund provides focused exposure to midcap stocks, offering investors a chance to invest in the growing midcap segment.

This fund aims to deliver returns similar to the Nifty Midcap 150 Index, though returns may vary due to tracking error.

Scheme Objective: The fund aims to match the returns of the Nifty Midcap 150 Index, subject to tracking error.

Asset Allocation

1) 95-100% in equities of the Nifty Midcap 150 Index

2) 0-5% in debt and money market instruments like treasury bills or liquid mutual funds

Benchmark: The fund tracks the Nifty Midcap 150 TRI.

Minimum Investment: ₹1000, and after that, you can invest in multiples of ₹1.

Entry Load: There is no entry load for this fund.

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