UTI S&P BSE Sensex Next 50 Exchange Traded Fund: New Fund Offer (NFO) of UTI Mutual Fund named “UTI Sensex Next 50 Exchange Traded Fund” is being Offered from 26-February-2019 to 01-March-2019.
According to the UTI Mutual Fund, this plan is suitable for investors who are seeking:-
- Long term capital appreciation, and
- Investment in securities covered by S&P BSE Sensex Next 50 Index
(Read: ETF – Exchange Traded Fund – What are ETFs? How ETFs Work?)
About UTI Sensex Next 50 Exchange Traded Fund NFO
| Name of the Scheme | UTI S&P BSE Sensex Next 50 Exchange Traded Fund (UTI S&P BSE Sensex Next 50 ETF) |
|---|---|
| Fund House | UTI Mutual Fund |
| Scheme Type | Open-Ended |
| Scheme Category | Exchange-Traded Fund (ETF) |
| Issue Starts | 26-February-2019 |
| Issue Closes | 01-March-2019 |
| NFO Unit Price | Rs 10 Per Unit |
| Minimum Investment | Rs 5,000 |
| Plans | Not Available |
| Entry Load | Not Applicable |
| Exit Load | Not Applicable |
| Investment Manager | UTI Asset Management Company Limited |
(Read: NFO: New Fund Offer of Mutual Funds)
Investment Objectives of UTI Sensex Next 50 Exchange Traded Fund
According to the fund house, the investment objectives of the scheme is as follows:-
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Proposed Asset Allocation of UTI Sensex Next 50 Exchange Traded Fund
The proposed asset allocation of the scheme is given as follows:
| Instruments | Indicative Allocation (% of total assets) | Risk Profile | |
|---|---|---|---|
| Minimum | Maximum | ||
| Securities covered by the underlying index | 95 | 100 | Medium to High |
| Debt/Cash/Money Market instruments including Triparty Repo | 0 | 5 | Low |
About UTI Mutual Fund
UTI Mutua Fund was incepted in the year 2002. The Asset Management Company (AMC) of this fund is UTI AMC which is one of the leading wealth creators in India. It has completed 50 years as India’s leading financial service institution and was a leader of the capital market investment for Indian Citizens till the early ’90s. It operates through a network of 150 branches and has a pan India presence,
UTI Mutual Fund is sponsored by State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation (LIC) of India. As on 31-December-2018, the Asset Under Management (AUM) of this Mutual Fund is Rs. 157585.79 Crore
Registered & Corporate Office: UTI Tower, Gn Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051.
Website: www.utimf.com
Please click here to read the scheme related document.
Disclaimer: This post is just an 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.
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Tags: #NFO #Mutual Fund #New Mutual Fund #UTI NFO #New Fund Offer #UTI Mutual Fund #ETF
