MUTUAL FUNDS
UTI Mutual Fund files offer document for Small Cap Fund
Jan-15-2020

UTI Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ' UTI Small Cap Fund '. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load for Less than one year will be 1%; Greater than or equal to one year it will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance for schemes will be benchmarked against Benchmark Nifty Small Cap 250 TRI. The minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of small cap companies.

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