UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund & UTI Nifty India Manufacturing Index Fund
FinTech BizNews Service
Mumbai, January 29, 2025: UTI Mutual Fund (UTI MF) is delighted to announce the launch of two new index funds: UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (An open-ended scheme replicating/tracking the Nifty Midsmallcap 400 Momentum Quality 100 Total Return Index (TRI)) and UTI Nifty India Manufacturing Index Fund (An open-ended scheme replicating/tracking the Nifty India Manufacturing Total Return Index (TRI))
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
The Scheme is a first of its kind offering in the industry with the index fund structure and also UTI’s first multi-cap and multi-factor index fund, an innovative addition to its index fund offerings. This open-ended scheme is benchmarked to Nifty MidSmallcap 400 Momentum Quality 100 TRI. The scheme’s combination provides investors the benefit from combination of two factor strategies in one fund, exposure to companies with relatively better growth potential and quality within the mid-small cap segment and builds style diversification in the portfolio. The fund is a low-cost index fund that shall endeavour to achieve return equivalent to returns of the underlying index while minimizing tracking error.
Salient Features:
· Benchmark: Nifty MidSmallcap 400 Momentum Quality 100 TRI
· Minimum Investment: Minimum initial investment is ₹1,000 and in multiples of ₹1 thereafter
· Plans & Options: Regular Plan and Direct Plan – offering Growth Option Only
· Load Structure: No entry or exit load
UTI Nifty India Manufacturing Index Fund
The fund provides exposure into companies from the manufacturing segment in a defined and disciplined way. It is an open-ended scheme replicating/tracking Nifty India Manufacturing TRI. UTI Nifty India Manufacturing Index Fund will offer investors a unique opportunity, to leverage the robust growth potential of manufacturing industry in India. Index Fund’s strategy will focus on reducing the tracking error to the least possible through regular rebalancing of the portfolio, considering the change in weight of stocks in the index as well as the incremental collections/redemptions in the Scheme.
Salient Features:
· Benchmark: Nifty India Manufacturing TRI
· Minimum Investment: Minimum initial investment is ₹1,000 and in multiples of ₹1 thereafter
· Plans & Options: Regular Plan and Direct Plan – offering Growth Option Only
· Load Structure: No entry or exit load
Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies, UTI AMC said, “UTI AMC is amongst the largest asset managers in the passive category with over 2 decades of experience of managing passive Funds. The two new offerings aim to provide investors opportunity to invest in categories and industries which offer immense growth prospects with disciplined approach to the portfolio construction, while adhering to a defined selection process. With our expanded product line in the passive category, we intend to offer tailored solutions to our investors that may align with their long-term financial goals and help them navigate today’s dynamic financial landscape.”
UTI Nifty MidSmallcap 400 Momentum Quality 100 Index Fund
(An open-ended scheme replicating/tracking Nifty MidSmallcap 400 Momentum Quality 100 TRI)
This product is suitable for investors who are seeking*:
• Returns that are commensurate with the performance of the Nifty MidSmallcap 400 Momentum Quality 100 Index over long term, subject to tracking error.
• Investment in securities covered by the Nifty MidSmallcap 400 Momentum Quality 100 Index
