UTI Mutual Fund has launched a new fund offering ‘UTI Nifty 500 Value 50 Index Fund’, An open-ended scheme replicating / tracking Nifty 500 Value 50 Total Return Index [TRI]. The NFO is open for subscription from April 26th, 2023 and will end on May 8th, 2023.
Within five Business Days following the date of allotment(May 12th), the Schemes will reopen for continuous sale and repurchase. Subscriptions can be made starting at Rs. 5,000 and in multiples of Rs. 1/-. Both a Regular Plan and a Direct Plan are available.
About UTI Mutual Fund
The Board of Directors of UTI Asset Management Co. Ltd. (UTI AMC) possesses broad areas of expertise, and UTI AMC is led by a dedicated management team with the necessary talent and experience. UTI AMC has been handling the asset management needs of several companies. Among these are Mutual Funds and Portfolio Management Services in the United States; International Trade; Retirement Solutions; Alternative Investments; and Retirement Funds.
UTI Mutual Fund has a storied history and is widely available thanks to its extensive distribution network. UTI Mutual Fund’s investments are overseen by a skilled and experienced team of fund managers, and the fund’s in-house research staff diligently monitors and analyzes macroeconomic indicators, capital markets, and financial sectors. Advisory, Decision Making, Execution, Fund Accounting, and Control are the five pillars of its investment management system, and they are supported by suitable and rigorous risk management methods.
UTI Nifty 500 Value 50 Index Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | UTI Mutual Fund |
| Name of the Fund | UTI Nifty 500 Value 50 Index Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Equity Index Fund |
| NFO Starts | 26-April-2023 |
| NFO Ends | 08-May-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 5000 |
| Plans | Regular, Direct |
| Options | Growth |
| Entry Load | Not Applicable |
| Exit Load | Nil. |
| Investment Manager | UTI Asset Management Company Limited |
| Fund Manager | Mr. Sharwan Kumar Goyal |
UTI Nifty 500 Value 50 Index Fund – Scheme Objective
The investment objective of the Scheme is to generate after-tax returns that, subject to the possibility of error in tracking, are similar to the total return of the securities that are represented by the underlying index.
UTI Mutual Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Long-term returns roughly in line with those of the Nifty 500 Value 50 Index, minus any applicable tracking error.
- A stake in the stocks that make up the Nifty 500 Value 50 Index
How Will the Scheme Allocate Its Asset
- 95-100% in Securities covered by Nifty 500 Value 50 Index.
- 0-05% in Debt Securities and Money Market Instruments.
Where Will the Scheme Invest?
As per Regulation 43(1) of SEBI (Mutual Funds) Regulations, the mutual funds can invest in
- The net assets of the scheme will be invested in stocks constituting the underlying index. This would be done by investing in the stocks comprising the index. The scheme shall endeavor to maintain the same weightage they represent in the index or investing in derivatives on the said index. The Scheme may take an exposure to equity derivatives of constituents of the underlying index for short duration when securities of the index are unavailable, insufficient or for rebalancing at the time of change in index or in case of corporate actions or for hedging purposes, as permitted subject to rebalancing within 7 days.
- Money market instruments rated not below investment grade [as permitted by SEBI and or RBI (including CPs, CDs and Triparty Repo on Government Securities or treasury bills).
- Derivatives traded on recognized stock exchanges, only for hedging and portfolio balancing with underlying as securities.
- Units of Liquid Mutual Fund.
- Pending deployment of funds, in short term deposits with Scheduled Commercial banks.
- Such other securities/assets as may be permitted by the SEBI from time to time subject to regulatory approval if any.
UTI Nifty 500 Value 50 Index Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
