UTI AMC gains on launching Nifty 200-index based fund
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UTI AMC is currently trading at Rs. 587.00, up by 3.60 points or 0.62% from its previous closing of Rs. 583.40 on the BSE.
The scrip opened at Rs. 585.00 and has touched a high and low of Rs. 594.30 and Rs. 584.90 respectively. So far 10289 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 608.40 on 21-Jan-2021 and a 52 week low of Rs. 471.10 on 12-Oct-2020.
Last one week high and low of the scrip stood at Rs. 594.30 and Rs. 556.00 respectively. The current market cap of the company is Rs. 7487.42 crore.
The Institutions holding in the company stood at 89.13% and Non-Institutions held 10.87%.
UTI Asset Management Company (UTI AMC) has launched the country's first momentum-based passively managed fund, based on the Nifty 200 index. The new fund will be based on the 30 best performing stocks from the Nifty 200 index. Currently, this investing mode is available through alternative investment vehicles and UTI is first to launch the same under index fund route in the country.
UTI Asset Management Company operates as an investment management firm. The company offers asset management, research analysis, portfolio construction, financial planning, and advisory services to group of individual and institutional investors. UTI Asset Management serves clients in India.
