UTI Nifty Midcap 150 Exchange Traded Fund NFO: Key details to know

21 Aug 2023 , 01:11 PM

UTI Mutual Fund is launching NFO under its “ETF category”, named as UTI Nifty Midcap 150 Exchange Traded Fund. This open-ended fund aims to provide returns that, before expenses, corresponds to the total returns of the securities as represented by the underlying index, subject to tracking error.

Investment strategy: The Scheme will track underlying Index and will use a passive or indexing approach to endeavor to achieve scheme investment objective. The AMC does not make any judgments about the investment merit of a particular stock or a particular industry segment nor will it attempt to apply any economic, financial or market analysis.

Asset allocation: The scheme will predominantly invest in equity and equity related securities of companies belonging to Nifty Midcap 150 Index.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in midcap companies should invest in UTI Nifty Midcap 150 ETF.

Risk associated: Very high level of risk.

Benchmark: Nifty Midcap 150 TRI.

Fund Managers: Mr. Sharwan Kumar Goyal.

The NFO is available for subscription from August 18 to August 28. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in UTI Nifty Midcap 150 ETF.