UTI Mutual Fund launches UTI Nifty IT ETF

NFO period: 17^th January – 22^nd January, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty IT TRI


• Investment objective – The investment objective of the scheme is to provide returns that, before expenses, corresponds 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 – The product is suitable for investors who are seeking long-term capital growth by investing in equity and equity related securities covered by Nifty IT Index, subject to tracking error.


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


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Manager – Mr. Sharwan Kumar Goyal and Mr. Ayush Jain


• Benchmark – Nifty IT TRI