UTI Mutual Fund Launches UTI - Nifty Next 50 Index Fund

Mutual Fund
Jun 7, 2018 by Advisorkhoj Team | Mutual Fund | 28 Downloaded

NFO period: 08th June – 22nd June, 2018

Highlights of the NFO:

  • Scheme type – An open-ended scheme replicating/tracking the Nifty Next 50 Index

  • Investment objective – 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.

  • Product suitability – This product is suitable for investors who are seeking capital growth in tune with the index returns passive investment in equity instruments comprised in Nifty Next 50 Index.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan & Direct Plan having only Growth Option.

  • Fund Manager – Shri Kaushik Basu

  • Benchmark – Nifty Next 50 Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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