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UTI Mutual Fund has launched UTI Nifty Alpha Low-Volatility 30 Index Fund, an open-ended scheme replicating/ tracking Nifty Alpha Low-Volatility 30 TRI. The NFO opens for subscription on November 11, 2024 and closes on November 25, 2024. The Entry load is not applicable and Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000/- and in multiples of Re.1/- thereafter.

The Scheme performance would be benchmarked against Nifty Alpha Low-Volatility 30 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.