Bengaluru, January 30, 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:

• NFO Period: 28^th January 2025 to 10^th February 2025
• Fund Manager: Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies

• 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:

• NFO Period: 28^th January 2025 to 10^th February 2025
• Fund Manager: Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies

• 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

UTI Nifty India Manufacturing Index Fund

(An open-ended scheme replicating/tracking Nifty India Manufacturing TRI)

This product is suitable for investors who are seeking*:

• Returns that are commensurate with the performance of Nifty India Manufacturing Index over long term, subject to tracking error.
• Investment in securities covered by Nifty India Manufacturing Index. 

Product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.

# Based on the Index Composition as on December 31, 2024.

 * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 

The Risk-o-meter of the fund/s is/are evaluated on monthly basis and any changes to Risk-o-meter are disclosed vide addendum on monthly basis, to view the latest addendum on Risk-o-meter, please visit addenda section on https://utimf.com/downloads/.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

The post UTI Mutual Fund Launches 2 New Index Funds appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.