UTI Nifty Alpha Law-Volatility 30 Index Fund and UTI Nifty Midcap 150 Index Fund
UTI Mutual Fund has announced the launch of two new index funds: UTI Nifty Alpha Law-Volatility 30 Index Fund and UTI Nifty Midcap 150 Index Fund. These passive funds provide a unique investment opportunity to build portfolios in a customized and disciplined manner. UTI Mutual Fund Launches 2 New Index Funds: UTI Nifty Alpha Low-Volatility 30 Index Fund and UTI Nifty Midcap 150 Index Fund.
It leverages UTI Mutual Fund's extensive experience in index fund management to provide low-cost options compared to actively managed funds. The NFO started on November 11, 2024 and will end on November 25, 2024.
UTI Nifty Alpha Law-Volatility 30 Index Fund
UTI Nifty Alpha Law-Volatility 30 Index Fund is UTI's new multi-factor offering and the latest addition to its index fund offerings. This open-ended scheme tracks the Nifty Alpha Law-Volatility 30 index that provides exposure to a portfolio of 30 companies in the Nifty 100 (100 large cap companies) and Nifty Midcap 50 (50 midcap companies) with 50 percent alpha score and 50 percent law volatility. A composite score like score is selected. This combination provides investors with better overall risk adjusted returns in all market conditions with lower volatility.
Special features:
- Duration of NFO: November 11, 2024 to November 25, 2024
- Fund Manager: Mr. Shravan Kumar Goyal, Head-Passive, Arbitrage & Quant Strategies, UTI AMC
- Benchmark: Nifty Alpha Law-Volatility 30 TRI
- Minimum Investment: Initial minimum investment is Rs. 1,000 and thereafter Rs. Investment can be made in multiples of 1
- Plans and Options: Regular Plan and Direct Plan – only offer growth option
- Load structure: No entry load, exit load is also zero
UTI Nifty Midcap 150 Index Fund
UTI Nifty Midcap 150 Index Fund provides exposure to the entire universe of midcap companies listed on NSE in a defined and disciplined manner. This midcap segment has the potential for better long-term returns than large-cap and small-cap due to its balanced growth prospects and ability to move into expanding market sectors.
Special features:
- NFO Period: November 11, 2024 to November 25, 2024
- Fund Manager: Mr. Shravan Kumar Goyal, Head-Passive, Arbitrage & Quant Strategies, UTI AMC
- Benchmark: Nifty Midcap 150 TRI
- Minimum Investment: Initial minimum investment is Rs. 1,000 and thereafter Rs. Investment can be made in multiples of 1
- Plans and Options: Regular Plan and Direct Plan both offer growth option only
- Load Structure: No entry load, exit load is also zero as per SEBI regulations
Commenting on the launch of the two funds, Mr. Shravan Kumar, Head of Passive, Arbitrage and Quant Strategies, UTI AMC said, “The launch of UTI Nifty Alpha Low-Volatility 30 Index Fund and UTI Nifty Midcap 150 Index Fund is part of UTI Mutual Fund's mission to empower investors with unique and robust investment instruments. represents another important step.
UTI Nifty Alpha Law-Volatility 30 Index Fund provides investors with an opportunity to invest in a diversified portfolio of 30 companies selected on the basis of a combination of both Alpha and Law Volatility scores. These two factors complement each other and hence provide diversification benefits during different economic and equity market cycles. This fund can be considered as a one stop solution for investors who want both growth opportunities and stability in a single fund.
On the other hand, UTI Nifty Midcap 150 Index Fund provides investors with exposure to the entire midcap sector in a specific and concentrated manner. The investment objective of both these schemes is to provide returns equal to the total return of the securities represented by the index before expenses and to minimize tracking error. This offering reiterates our commitment to provide innovative investment solutions and help investors achieve their financial goals.”
Product labels UTI Nifty Alpha Law-Volatility 30 Index Fund
(Open ended scheme which follows or tracks Nifty Alpha Law-Volatility 30 TRI)
Benchmark: Nifty Alpha Law-Volatility 30 TRI
This product is suitable for investors who:*
- Desired returns equal to performance of Nifty Alpha Law-Volatility 30 Index over long term subject to tracking errors
- Looking to invest in securities covered by Nifty Alpha Law-Volatility 30 Index
UTI Nifty Midcap 150 Index Fund
(Open ended scheme which follows or tracks Nifty Midcap 150 TRI)
Benchmark: Nifty Alpha Law-Volatility 30 TRI#
This product is suitable for investors who:*
- Desired returns equal to the performance of the Nifty Midcap 150 index over the long term subject to tracking errors
- Looking to invest in securities covered by the Nifty Midcap 150 index
*Investors should discuss with their financial advisor if they are in doubt as to whether this product is suitable for them. Product labeling given during New Fund Offer (NFO) is based on internal assessment of scheme attributes or model portfolio and may change when actual investment is made after NFO.
