UTI Mutual Fund NFO:UTI Mutual Fund has launched its new scheme of mutual fund, UTI Quant Fund. This New Fund Offer (NFO) will be open from January 2, 2025 to January 16, 2025. It is an open-ended equity scheme based on quantitative investment theme. The objective of this fund is to give high returns to investors in the long term by investing money in equity and equity related investment options.
Top Return: This scheme of mutual fund topped in the year 2024, has been giving 24% annual SIP return for 10 years
NFO details
Fund House: UTI Mutual Fund
NFO Open Date: January 2, 2025
NFO closing date: January 16, 2025
Type: Open Ended
Category: Equity Thematic
Minimum investment: Rs 1000
Lock-in period: None
Exit Load: 1% on redemption before 90 days
Riskometer: Very High
Benchmark : BSE 200 TRI
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Exit Load and Benchmark
The scheme will be benchmarked on the basis of BSE 200 TRI and will be managed by Shravan Kumar Goyal and Deepesh Aggarwal. Exit load of 1% will be applicable if redeemed/switched-out within 90 days from the date of allotment, and thereafter the exit load will be zero. The scheme is classified as a thematic fund, which focuses on sectoral and thematic opportunities identified through quantitative models.
Rules of Investing: Money will double in less than 5 years, triple in less than 8 years, this formula will explain where to invest.
Minimum SIP and Lump Sum Amount
The minimum investment amount required in UTI Quant Fund is Rs 1000 and after that you can invest any amount in multiples of Re 1. The subsequent minimum investment amount under the folio is Rs 1000 and after that you can invest any amount in multiples of Re 1.
The minimum amount for Daily, Weekly and Monthly SIP is Rs 500 and after that you can invest any amount in multiples of Re 1. The minimum SIP amount for quarterly SIP is Rs 1500 and after that you can invest any amount in multiples of Re 1.
IPO Year: 30% IPOs became jackpot in 1 year, 29 newly listed stocks gave returns ranging from 50 to 300%, only 29% failed.
investment strategy
This thematic fund will have the option to invest 80-100% of the money in equity and equity related investment options based on quantitative investment themes. Apart from the quantitative investment theme, there will be an option of 0-20% allocation in equity and equity related options. Whereas this fund can allocate 0-20% in debt and money market instruments and 0-10% in units issued by REITs and InvITs. This scheme follows an active investment policy. The outline strategy of the fund is to generate high returns over the long term by following a quantitative investment approach.
(Disclaimer: We have given information about the new scheme of mutual fund here. This is not an investment advice. There are risks in the market, so take expert advice before investing.)
