UTI MF introduces Focused Equity Fund

UTI Mutual Fund (MF) has launched the UTI Focused Equity Fund, an open-ended equity scheme investing in maximum 30 stocks across market caps. The NFO opens for subscription on August 04, 2021, and closes on August 18, 2021. The Entry load is nil for the scheme. The Exit load will be 1%, if redeemed within one year and if greater than or equal to one year the exit load will be nil. The minimum investment amount is 5,000 and in multiples of Re 1 thereafter with no upper limit.

The performance of the Scheme will be benchmarked to Nifty 500 Index (TRI) and its fund managers are Sudhanshu Asthana and Kamal Gada is the dedicated Fund Manager for making overseas investments.

The investment objective of the scheme is to generate long term capital appreciation by investing in equity & equity related instruments of maximum 30 stocks across market caps.