UTI Mutual Fund files offer document for Nifty Smallcap 250 Index Fund
UTI Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘UTI Nifty Smallcap 250 Index Fund'. The New Fund Offer price will be Rs 10 during the NFO. Entry load and Exit Load will be nil. The Scheme offers growth and IDCW options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance will be benchmarked against Nifty Smallcap 250 TRI. The minimum application amount will be Rs 1000 and in multiple of Rs 1 thereafter.
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total return of the securities as represented by the underlying index.
