UTI MF introduces Nifty 500 Value 50 Index Fund
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UTI Mutual Fund (MF) has launched UTI Nifty 500 Value 50 Index Fund, an open-ended scheme replicating / tracking Nifty 500 Value 50 Total Return Index [TRI]. The NFO opens for subscription on April 26, 2023 and closes on May 08, 2023. The Entry load and Exit load is not applicable 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 against Nifty 500 Value 50 TRI and its fund managers are Sharwan Kumar Goyal and Ayush Jain.
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.
