UTI Mutual Fund today announces the launch of a new close ended Equity scheme “UTI- Focussed Equity Fund-Series IV (1104 days)”. The New Fund Offer opens on September 13, 2017 and closes on September 25, 2017.
The primary objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of listed companies. The scheme will without any capitalization bias endeavor to invest in either growth stocks or value stocks or both. The scheme will normally hold up to 30 stocks in the portfolio. The scheme does not guarantee/indicate any returns. There can be no assurance that the scheme’s objectives will be achieved.
Mr Vetri Subramaniam and Mr Sachin Trivedi are the fund managers of the scheme.
Mr Vetri Subramaniam said, “UTI focussed Equity Fund –Series IV will not adhere to any particular style, theme or market capitalization. It will focus on identifying 30 potential ideas that would play during the tenure of the scheme.”
Salient Features of UTI Focussed Equity Fund-Series IV (1104 days)
· Type of Scheme: Close ended Equity Scheme
· Eligible Investors:
The scheme is open to resident individuals, institutions as well as to NRIs and Financial Institution etc.
New Fund Offer Price:
Units can be purchased only during the New Fund Offer (NFO) period. During the NFO period the units will be sold at face value i.e. Rs.10/- per unit
Plan(s) and Option(s) Offered:
The Scheme offers Regular Plan and Direct Plan
Both Plans offer Growth Option and Dividend Option with Payout facility