UTI Mutual Fund launches UTI Nifty Midcap 150 Index Fund

NFO period: 11^th November – 25^th November, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty Midcap 150 TRI


• Investment objective – 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. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking returns that are commensurate with the performance of the Nifty Midcap 150 Index over long term, subject to tracking error. By investing in securities covered by the Nifty Midcap 150 Index.


• Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan. Each plan offers growth option only.


• Fund Manager – Mr. Sharwan Kumar Goyal and Mr. Ayush Jain


• Benchmark – Nifty Midcap 150 TRI