The New Fund Offer is open and will close for subscription on May 8.
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total return of the securities as represented by the underlying index, subject to tracking error.
The performance of the UTI Nifty 500 Value 50 Index Fund will be benchmarked against Nifty 500 Value 50 TRI. The scheme will be managed by Sharwan Kumar Goyal and Ayush Jain.
The minimum subscription amount for investment in these schemes is Rs 5,00 and in multiples of Re 1 thereafter. The minimum SIP amount for Daily, Weekly, and Monthly SIP is Rs 500 and in multiples of Re 1 thereafter. The minimum SIP amount for Quarterly SIP is Rs 1,500 and in multiples of Re 1 thereafter. The scheme will offer Regular Plan and Direct Plan – with Growth and IDCW options.
During the New Fund Offer period, the units of the scheme will be sold at the face value of Rs 10 per unit. The scheme will offer subscription and redemption of units at applicable NAV on every business day on an ongoing basis, within five business days from the date of allotment.
The scheme will invest around 95-100% in Securities covered by the Nifty 500 Value 50 Index and around 0-5% in Debt / Money Market instruments including Triparty Repo on Government Securities or treasury bills and units of Liquid Mutual Fund. The net assets of the scheme will be invested in stocks constituting the underlying index. This would be done by investing in the stocks comprising the index. The scheme shall endeavour to maintain the same weightage they represent in the index or investing in derivatives on the said index.The scheme is suitable for investors who are looking to fulfill their long-term financial needs.
