January 20, 2022
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UTI Mutual Fund launches UTI Sensex Index Fund
UTI Mutual Fund has launched an open-ended scheme tracking the S&P BSE Sensex Total Return Index (TRI) – ‘UTI Sensex Index Fund’.
NFO Opens on January 19 2022
NFO closes on January 24,2022
(Our Guidance is given at the bottom of the Page)
UTI Sensex Index Fund is a low-cost index fund which will track the S&P BSE Sensex Index passively. The scheme will aim to offer an opportunity to capitalize on the growth of the basket of blue-chip companies in a disciplined manner,” said Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies, UTI MF.
UTI Sensex Index fund will offer exposure to a diversified portfolio of 30 largest, most liquid and financially sound companies across key sectors of the Indian economy. It is suitable for investors looking for a simple yet cost effective way of investing in ‘top 30’ companies on the listed universe of BSE.
Investment Strategy
The scheme seeks to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error
Basic Details
Category: Equity: Large Cap
Type: Open-ended
Min. Investment (?) 5,000
Plans: Growth
Lock-in Period Not Applicable
Exit Load (%): 0
Benchmark: S&P BSE Sensex TRI
Fund Manager
Sharwan Kumar Goyal
Education: B.Com, CFA and MMS.
Experience: He began his career with UTI in June 2006 and has 15 years of overall experience in Risk / Fund management.
Chanakya MF Guidance : This NFO has has no novel concept and we have so many Index focused funds already in the market. Compared to large cap focused funds, Index funds donot provide higher returns. We already have Nifty Index fund from this MF house which has provided 17.38% return during last 5 years.