UTI Mutual Fund launches UTI Nifty Private Bank Index Fund

NFO period: 02^nd September – 16^th September, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty Private Bank 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 Private Bank Index over long term, subject to tracking error by investing in securities covered by the Nifty Private Bank Index.


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


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option only.


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


• Benchmark – Nifty Private Bank TRI