Mutual Fund: In the new year, UTI Mutual Fund has launched a new thematic fund within the equity category. The subscription for the UTI Quant Fund commenced on January 2 and will remain open until January 16, 2025.
Why investors can opt the UTI Quant Fund ?
This open-ended scheme allows investors the flexibility to redeem or exit at their convenience. It is particularly suitable for those looking to build wealth over the long term. The asset management company indicates that investors can begin with a minimum investment of Rs 1,000, with subsequent investments allowed in increments of Rs 1.
No entry load for this scheme
The fund’s benchmark index is the BSE 200 TRI. Notably, there is no entry load for this scheme, while a 1% exit load applies to redemptions made within 90 days. The fund will reopen for subscriptions on January 24. The investment strategy involves allocating 80-100% of assets to equity and equity-related instruments based on a quantitative investment theme, with 0-20% in non-equity instruments, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs. This fund is primarily aimed at investors seeking long-term capital appreciation.
Presenting UTI Quant Fund – An active factor strategy that follows an Integrated Investing approach aiming to constantly generate alpha over the broad index.
Know More: https://t.co/0HWZdpKNNO#UTIMutualFund #NFO #Equity #QuantFund #MutualFund #SIP #Lumpsum #Investments pic.twitter.com/azWKoMYZ36— UTI Mutual Fund (@utimutualfund) January 2, 2025
Important to note that there is no guarantee
However, it is important to note that there is no guarantee that the scheme will meet its investment objectives. The fund managers overseeing this initiative are Shravan Kumar Goyal and Deepesh Agarwal.
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