UTI Mutual Fund launches UTI Nifty Midcap 150 Exchange Traded Fund

NFO period: 18^th August – 28^th August, 2023

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to provide returns that, before expenses, corresponds to the total returns 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 – The product is suitable for investors who are seeking long term capital appreciation by investing in securities covered by Nifty Midcap 150 TRI.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


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


• Benchmark – Nifty Midcap 150 TRI