UTI Mutual Fund has launched a new fund offering ‘UTI S&P BSE Housing Index Fund’, An open-ended scheme replicating / tracking S&P BSE Housing Total Return Index [TRI]). The NFO is open for subscription from May 22nd, 2023 and will end on June 5th, 2023.
Within five Business Days following the date of allotment(June 9th), 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 S&P BSE Housing Index Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | UTI Mutual Fund |
| Name of the Fund | UTI S&P BSE Housing Index Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Equity Index Fund |
| NFO Starts | 22-May-2023 |
| NFO Ends | 05-June-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 S&P BSE Housing Index Fund NFO – Scheme Objective
The Investment objective of the Scheme is to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error.
UTI S&P BSE Housing Index Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Returns that are commensurate with the performance of the S&P BSE Housing Index over long term, subject to tracking error.
- Investment in securities covered by the S&P BSE Housing Index.
How Will the Scheme Allocate Its Asset
- 95-100% in Securities covered by S&P BSE Housing 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 Tri Party Repo on Government Securities or treasury bills).
- Derivatives traded on recognized stock exchanges, only for hedging and portfolio balancing with underlying securities.
- Units of Liquid Mutual Fund.
- Pending deployment of funds, in short term deposits with Scheduled Commercial banks.
- Such other securities/assets may be permitted by the SEBI from time to time subject to Regulatory approval if any.
UTI S&P BSE Housing 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.
