UTI MF introduces Nifty50 Equal Weight Index Fund
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UTI Mutual Fund (MF) has launched UTI Nifty50 Equal Weight Index Fund, an open-ended scheme replicating / tracking NIFTY50 Equal Weight Total Return Index (TRI). The NFO opens for subscription on May 22, 2023 and closes on June 05, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked to the performance of NIFTY50 Equal Weight TRI and its fund managers are Sharwan Kumar Goyal and Ayush Jain - (Assistant Fund Manager).
The Investment Objective of the Scheme is to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error.
