UTI MF introduces S&P BSE Low Volatility Index Fund
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UTI Mutual Fund (MF) has launched the UTI S&P BSE Low Volatility Index Fund, an open-ended scheme replicating/tracking S&P BSE Low Volatility Total Return Index (TRI)). The NFO opens for subscription on February 14, 2022 and closes on February 25, 2022. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.
The performance of the Scheme would be benchmarked against S&P BSE Low Volatility TRI and its fund manager is Sharwan Kumar Goyal.
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
