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UTI MF introduces Nifty Private Bank Index Fund
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UTI Mutual Fund has launched UTI Nifty Private Bank Index Fund, an open-ended scheme replicating/ tracking Nifty Private Bank TRI. The NFO opens for subscription on September 02, 2024 and closes on September 16, 2024. The Entry Load is not applicable and Exit Load will be nil for the scheme. The minimum subscription amount is Rs 5000 and in multiple of Rs 1/- thereafter.
The performance of the scheme will be benchmarked with Nifty Private Bank 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.
