UTI MF introduces Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
UTI Mutual Fund has launched UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund, an open-ended scheme replicating/ tracking Nifty Midsmallcap 400 Momentum Quality 100 TRI. The NFO opens for subscription on January 28, 2025 and closes on February 10, 2025. The Entry Load is not applicable and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000/- and in multiples of Re.1/- thereafter.
The performance of the scheme will be benchmarked at Nifty Midsmallcap 400 Momentum Quality 100 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.
