UTI Asset Management Company Limited has launched a new fund offer for UTI Focused Equity Fund. The fund is open for subscription between August 4, 2021, and August 18, 2021.
Read on to find out more about the NFO.
UTI Focused Equity Fund is an open-ended equity scheme investing in maximum 30 stocks across market caps.
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity and equity-related instruments (Maximum 30 stocks) | 65% | 100% | High |
| Debt and Money Market instruments including securitized debt* | 0% | 25% | Low to Medium |
| Units issued by REITs & InvITs. | 0% | 10% | Medium to High |
*Debt instruments shall be deemed to include securitized debts (excluding foreign securitized debt), and investment in securitized debts may be up to 50% of Debt and Money Market instruments.
Click here to get more details for UTI Focused Equity Fund NFO
| Scheme name | UTI Focused Equity Fund |
| Type of scheme | An open-ended equity scheme investing in maximum 30 stocks across market caps |
| NFO Dates | August 4, 2021 – August 18, 2021 |
| Fund Managers | Mr. Sudhanshu Asthana, Mr. Kamal Gada (Overseas Investments) |
| Benchmark | Nifty 500 Index TRI |
| Minimum Amount for Application during NFO | Rs 5,000/- and in multiples of Rs 1/- after that. |
| Minimum Additional Purchase Amount | Rs 1,000/- and in multiples of Rs 1/- after that with no upper limit. |
| Minimum Redemption/Switch-Out Amount | The redemption will continue till the outstanding amount in the folio is reduced to nil or such other amount as may be decided by UTI AMC from time to time.
If the amount in the folio is less than the opted amount, the available amount will be paid to the unitholder. |
| Load | a) Entry Load: N.A
b) Exit Load: (i) Less than one year: 1% (ii) Greater than or equal to one year: Nil |
| Plans | Direct and Regular |
| Options |
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| Minimum SIP Amount | Rs 1000 |
Nifty 500 TRI (Total Return Index)
The Nifty 500 benchmark represents the top 500 companies based on full market capitalisation.
A Total Return Index reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Mr. Sudhanshu Asthana
Mr. Sudhanshu Asthana has been working with UTI AMC Ltd. since 15th April 2021 as Fund Manager – Equity. In his professional experience of over 21 years, he has worked as an analyst with various organizations and Junior Fund Manager with SBI MF and as a Fund Manager with Barclays Wealth India Ltd. and Axis MF.
Mr. Kamal Gada (Overseas Investments)
Mr. Kamal Gada joined UTI AMC in 2008 as Research Analyst and is currently Senior Associate Vice President. He is a CFA Charter holder from CFA Institute and has completed CA from ICAI. He began his career with BPCL as Senior Accounts Officer in 2004 and holds over 12 years of experience in Equity Research.