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UTI Mutual Fund (MF) has launched UTI Nifty 10 yr Benchmark G-Sec ETF, an open-ended scheme replicating/tracking Nifty 10 yr Benchmark G-Sec Index with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on January 19, 2024 and closes on January 23, 2024. The Entry load and Exit load is nil 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 10 yr Benchmark G-Sec Index and its fund manager is Jaydeep Bhowal.

The investment objective of the scheme is to provide returns that, before expenses, corresponds to the total returns of the securities as represented by the underlying index, subject to tracking error.