UTI S&P BSE Housing Index Fund NFO: Key details you need to know

24 May 2023 , 09:58 AM

UTI Mutual Fund is launching NFO under its “index fund category”, named as UTI S&P BSE Housing Index Fund. This open-ended fund seeks to provide return withh the performance of the S&P BSE Housing Index over long term, subject to tracking error.

Investment strategy: The scheme is a low-cost index Fund which tracks the S&P BSE Housing Index passively. The scheme endeavors to achieve return equivalent to underlying index while minimizing tracking error.

Asset allocation: The Scheme would invest in Securities covered by S&P BSE Housing Index and debt and money market instruments.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in UTI S&P BSE Housing Index Fund. 

Risk associated: Very high level of risk.

Benchmark: S&P BSE Housing Index.

Fund Managers: Mr. Sharwan Kumar Goyal and Mr Ayush Jain.

The NFO is available for subscription from May 22 to June 5. 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 S&P BSE Housing Index Fund.