UTI Mutual Fund has launched a new fund offer a small-cap fund. UTI Small Cap Fund will open for subscription for 15 days between December 2 and December 16.
The NFO link on Groww will available for investment from December 2, 2020.
What do you mean by a small-cap fund?
Small-Cap Funds invest a major portion of their investible corpus into equity or equity-related instruments of small-cap companies.
A small-cap company is a 251st company onwards in terms of full market capitalization.
Read More : Small-Cap Mutual Funds
UTI Small Cap Fund is an open-ended small-cap equity scheme. Here’s the indicative asset allocation pattern of the fund:
| Instruments | Indicative Allocation (% of total assets) Minimum (%) | Indicative Allocation (% of total assets) Maximum (%) |
| Equity and equity-related instruments (minimum 65% of the total assets would be in equity and equity-related instruments of small-cap companies). | 65 | 100 |
| Debt and Money Market instruments including securitized debt# | 0 | 35 |
| Units issued by REITs & InvITs | 0 | 10 |
# The fund may invest up to 50% of its debt portfolio in securitized debt
The performance of the scheme is benchmarked to the total return variant of the Nifty Small Cap 250. The index has 250 companies (companies ranked 251-500) from NIFTY 500.
The fund is offering regular and direct plans and under each plan, growth and dividend payout options are available.
| Type of Scheme | UTI Small Cap Fund |
| Benchmark | Nifty Small Cap 250 TRI |
| NFO Dates | December 2 to December 16 |
| Fund Manager | Mr. Ankit Agarwal |
| Minimum Application Amount/Minimum Purchase Amount (including switches) | Rs 5,000 and in multiples of Re 1 thereafter |
| Minimum Additional Investment (including switches) | Rs 1,000 and in the multiple of Re.1 |
| Minimum Redemption Amount | Rs 1,000 and in the multiple of Re.1 |
| Entry Load | NA |
| Exit Load | 1%: If redeemed before one year Nil: If redeemed after a year |
| Plans | Regular Plan, Direct Plan |
| Options | Growth Option, Dividend Payout Option |
| Facilities Offered | (i) Systematic Investment Plan (SIP)
(ii) Systematic Withdrawal Plan (SWP) (iii) Dividend Transfer Plan (DTP) (iv) Systematic Transfer Investment Plan (STRIP) |
Mr. Ankit Agarwal
He joined UTI in August 2019 as Fund Manager – Equity with Dept. of Fund Management. He has more than 13 years of experience. Prior to joining UTI he was working with Lehman Brothers and Barclays Wealth. He had been associated with Centrum Broking Ltd. in the capacity of Senior Vice President.
Other Schemes managed by him include UTI Midcap fund.