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UTI Mutual Fund is launching a new fund offer (NFO) for UTI Nifty200 Momentum 30 Index Fund. The opening date of the NFO is February 18, 2021, and the closing date is March 04, 2021.

What is an Index Fund?

An index fund is a type of mutual fund or an exchange-traded fund having a portfolio that matches or tracks the components of a financial market index.

This mutual fund will be tracking/replicating the Nifty200 Momentum 30 Index. 

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Investment Objective of the UTI Nifty 200 Momentum 30 Index Fund

The UTI Nifty 200 Momentum 30 Index Fund is an open-ended scheme that seeks to provide returns (before expenses) that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

Asset Allocation

Being an Index Fund, the asset allocation is mimicked to match the Nifty 200 Momentum 30 Index. Here is the proposed asset allocation for the scheme:

Instruments Asset Allocation 

(% of net assets)

 Risk Profile
Minimum Maximum High/Medium/Low
Securities covered by Nifty 200 Momentum 30 Index 95% 100% Medium to High
Debt/ Money Market instruments including Tri-party Repo and units of Liquid Mutual Fund 0% 5% Low

Benchmark- Nifty 200 Momentum 30 Index

The Nifty 200 Momentum 30 Index aims to tracks the performance of the top 30 companies within the Nifty 200 Index that have the highest normalized momentum score. This score is calculated based on its six-month and twelve-month price returns after being adjusted for the daily price volatility. 

This is a dynamic index that adapts to changes in market conditions and increases the weightage of outperforming sectors. It has outperformed its parent index – Nifty 200 13 out of the last 16 calendar years.

Fund Details

The UTI Nifty 200 Momentum 30 Index Fund offers a Regular Plan and a Direct Plan. Further, both these plans offer only a Growth option. 

Other Details

Scheme Name UTI Nifty 200 Momentum 30 Index Fund
Type of Scheme An open-ended index fund tracking the Nifty 200 Momentum 30 Index.
Benchmark Nifty 200 Momentum 30 Index
NFO Dates February 18 to Match 4, 2021
Fund Managers Mr. Sharwan Kumar Goyal
Minimum Amount for Application in the NFO Rs. 5,000/- and in multiples of Re.1 thereafter
Additional Purchase Rs. 1,000/- and in multiples of Re. 1 thereafter
Minimum SIP Application Amount  Rs 500
Minimum Redemption Amount Redemptions can be of a minimum amount of Rs.1,000 and in multiples of `1/- thereafter to be reckoned at prevailing NAV on the date of redemption.
Entry Load Nil
Exit Load Nil
Plans Regular and Direct plans.
Options Growth option only

Fund Manager(s)

Sharwan Kumar Goyal – Dedicated Fund Manager

Sharwan Kumar Goyal has an experience of 13 years in risk management, equity research, portfolio analysis, and fund management. He is a CFA Charter holder from CFA Institute, USA, and also holds a Post-graduate degree in Management (MMS) from Welingkar Institute of Management Development & Research, Mumbai. He started working with UTI in June 2006 and is working as an Equity Fund Manager.

Other funds managed by him are:

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.

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