UTI Mutual Fund files offer document for Focused Equity Fund
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UTI Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘UTI Focused Equity Fund ’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load for Less than one year 1% Greater than or equal to one year Nil. The Scheme offers a choice to join either the Growth Option or the Dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by Nifty 500Index (TRI). The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate long term capital appreciation by investing in equity & equity related instruments of maximum 30 stocks across market caps.
