Kochi, March 29, 2022: UTI Mutual Fund (UTI) launches an open-ended scheme
replicating/tracking Nifty Midcap 150 Quality 50 Total Return Index (TRI) - UTI Nifty Midcap 150
Quality 50 Index Fund. The New Fund Offer opens on March 28, 2022 and closes on April 05, 2022.
The scheme will re-open for subscription and redemption on ongoing basis from April 15, 2022.
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.
Mr. Sharwan Kumar Goyal, Head - Passive, Arbitrage & Quant Strategies, UTI AMC, is the Fund
Manager for the scheme.
Mr. Goyal commented on the launch, “NIFTY Midcap 150 Quality 50 Index offers a diversified
exposure at stock level & maximum weight assigned to each stock is lower of – 5% or 5 times the
weight of stock in NIFTY Midcap 150 Index.”
“UTI Nifty Midcap 150 Quality 50 Index Fund is a low-cost smart beta index Fund which tracks the
NIFTY Midcap 150 Quality 50 Index passively. Our newly launched scheme will endeavors to
achieve return equivalent to returns of the underlying index while minimizing tracking error.” he
added.
Salient features of UTI Nifty Midcap 150 Quality 50 Index Fund
Eligible Investors
o
Investors looking to take exposure in the midcap segment while investing in relatively
quality businesses that may generate economic value
o
Investors looking for a passive fund which brings disciplined approach to the portfolio
construction, while adhering to the defined quality selection process
New Fund Offer Price
o
During the NFO period, the units of the scheme will be sold at face value i.e., 10/- per
₹
unit
Minimum Application Amount
o
Minimum initial investment is 5,000/- and in multiples of 1/- thereafter. Subsequent
₹₹
minimum investment under a folio is 1,000/- and in multiples of 1/- thereafter with
₹₹
no
upper
limit.
Corporate Office: UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Tel: 022 6678
6666 Website:www.utimf.com
UTI Asset Management Company Limited (Investment Manager for UTI Mutual Fund) E-mail:
invest@uti.co.in
Corporate Identity
Number (CIN) L65991MH2002PLC137867
PRESS RELEASE
Plans and Options Available
o
Regular Plan and Direct Plan – Both Plan offers Growth Option Only
Load Structure
o
Entry Load
: NIL
o
Exit Load
: NIL
Benchmark Index
o
Nifty Midcap 150 Quality 50 Total Return Index (TRI)
Product Label
UTI Nifty Midcap 150 Quality 50 Index Fund
(An open-ended scheme replicating/tracking Nifty Midcap 150 Quality 50 Total Return Index (TRI))
Mutual Fund investments are subject to market risks. Read all scheme related documents carefully.
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