The new fund offer or NFO of the schemes is open for subscription and will close on November 25.These passive funds offer investors a unique opportunity to invest in a diversified and disciplined portfolio construction while leveraging UTI MF’s extensive experience in index fund management to provide cost-effective options as compared to actively managed funds, according to a press release by the fund house.
The schemes will be managed by Sharwan Kumar Goyal and Ayush Jain. The minimum initial investment amount in both the schemes is Rs 1,000 and in multiples of Re 1 thereafter.
The minimum SIP amount for daily, weekly, and monthly SIP is Rs 500 and in multiples of Re 1 thereafter.Both the schemes will offer regular and direct plans but only with growth options. UTI Nifty Alpha Low-Volatility 30 Index Fund
UTI Nifty Alpha Low-Volatility 30 Index Fund is an open-ended scheme tracking Nifty Alpha Low-Volatility 30 Index and provides exposure to a portfolio of 30 companies within the Nifty 100 (100 Large-cap companies) & Nifty Midcap 50 (50 Mid-cap companies) selected based on composite score i.e. 50% Alpha Score & 50% Low Volatility Score.
This combination provides investors with comparatively better risk-adjusted returns across market conditions with reduced volatility. is UTI’s first multi-factor offering and an innovative addition to its index fund offerings, said the release.
The scheme will be benchmarked against Nifty Alpha Low-Volatility 30 TRI. The scheme will allocate 95-100% in equity and equity-related securities of companies constituting Nifty Alpha Low-Volatility 30 Index and 0-5% in debt/money market instruments including Tri-Party Repo on Government Securities or treasury bills and units of liquid mutual fund.
UTI Nifty Midcap 150 Index Fund
UTI Nifty Midcap 150 Index Fund is an open-ended scheme replicating/ tracking Nifty Midcap 150 TRI. The investment objective of the scheme is to provide returns that, before expenses, correspond to the total return of the securities as represented by the underlying index, subject to tracking error.
The fund provides exposure to the entire universe of midcap companies listed on NSE in a defined and disciplined manner, said the release.
The scheme will be benchmarked against Nifty Midcap 150 TRI. The scheme will allocate 95-100% in equity and equity-related securities of companies constituting the Nifty Midcap 150 Index and 0-5% in debt/money market instruments including tri-party repo on government securities or treasury bills and units of liquid mutual fund.
