UTI Focused Equity Fund-Series I receives an overwhelming response

UTI- Focussed Equity Fund Series I is an 1100 days close ended equity oriented scheme

Sep 05, 2014 02:09 IST India Infoline News Service

UTI Focused Equity Fund-Series I (1100 days) has received an overwhelming response from investors during the NFO period (from August 13 to 27, 2014). The scheme has attracted more than 67000 applications and garnered more than Rs.770 crores.

Commenting on the response received under UTI Focussed Equity Fund-Series I, Mr Leo Puri, Managing Director, UTI AMC said, ”The excellent mobilization seen in the NFO of UTI Focussed Equity Fund – Series I is a reflection of the continued trust reposed by the investors in UTI Mutual Fund, its fund management capabilities and in its robust systems and processes. We are thankful to our investors and business partners for the support given to us. We look forward to their continued patronage in our future fund launches.”

Mr. Suraj Kaeley Group President –Sales & Marketing, UTI AMC said, “With this NFO, UTI has set a new benchmark in close ended equity funds. It also signals the revival of the interest of retail investors in the Indian Equity market”

UTI- Focussed Equity Fund Series I is an 1100 days close ended equity oriented scheme. The scheme would be investing in a compact portfolio of up to 30 securities.

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