UTI Mutual Fund Introduces UTI Nifty200 Quality 30 Index Fund: Key Details, Investment Objective, and Peer Funds Overview
UTI Mutual Fund launches the UTI Nifty200 Quality 30 Index Fund, offering alignment with the Nifty200 Quality 30 Index.
UTI Mutual Fund has launched the UTI Nifty200 Quality 30 Index Fund, an open-ended index fund. The fund aims to provide returns that align with the total return of the securities represented by the Nifty200 index by investing in its 30 quality constituents.
NFO Details
The New Fund Offer (NFO) for the UTI Nifty200 Quality 30 Index Fund opened on September 2, 2024, and will close on September 16, 2024. The minimum investment required is Rs 5,000. There are no charges on entry and exit for this fund.
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Investment Objective
The primary objective of the UTI Nifty200 Quality 30 Index Fund is to generate returns that, before expenses, reflect the total return of the securities represented by the Nifty200 Quality 30 Index. However, the fund's performance is subject to tracking error, and there is no guarantee that the investment objective will be achieved.
Fund Allocation
The fund will invest 95 per cent to 100 per cent of its net assets in equity and equity-related securities of companies constituting the Nifty200 Quality 30 Index. The remaining 0 per cent to 5 per cent may be allocated to debt or money market instruments, including Tri Party Repo on Government Securities or treasury bills and units of Liquid Mutual Funds.
Who Should Invest?
The UTI Nifty200 Quality 30 Index Fund is suitable for investors seeking returns that mirror the performance of the Nifty200 Quality 30 Index over the long term, considering potential tracking errors.
Benchmark
The fund's performance will be benchmarked against the Nifty 200 Index.
Peer Funds
|
Scheme Name
|
AUM (Crore)
|
Expense Ratio
(per cent)
|
|
UTI Nifty 200 Momentum
30 Index Fund
|
7637.1
|
0.92
|
|
Motilal Oswal Nifty 200
Momentum 30 Index Fund
|
765.87
|
1
|
|
Bandhan Nifty 200 Momentum
30 Index Fund
|
130.52
|
1.07
|
|
ICICI Pru Nifty 200 Momentum
30 Index Fund
|
397.46
|
0.99
|
|
Kotak Nifty 200 Momentum 30
Index Fund
|
295.29
|
0.9
|
|
Motilal Oswal BSE Quality
Index Fund
|
23.37
|
1.03
|
|
Edelweiss Nifty 100
Quality 30 Index
|
47.42
|
0.74
|
Data As of August 30, 2024,
Fund Management
The scheme is managed by Sharwan Kumar Goyal, who has extensive experience in risk and fund management.
Conclusion
The UTI Nifty200 Quality 30 Index Fund is positioned to provide returns corresponding to the Nifty200 Quality 30 Index. It is intended for investors aiming for long-term gains with minimal tracking error.
Disclaimer: The article is for informational purposes only and not investment advice.