UTI Mutual Fund files offers document for Nifty 100 Enhanced ESG Index Fund
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UTI Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘ UTI Nifty 100 Enhanced ESG Index Fund ‘. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers both growth and dividend option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance of the scheme will be benchmarked by Nifty 100 Enhanced ESG TRI. The minimum application amount is Rs 5000 and Re 1 thereafter.
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.
