UTI Mutual Fund has launched an open-ended equity scheme which will predominantly invest in small cap stocks, 'UTI Small Cap Fund’.
Ankit Agarwal is the fund manager of the scheme.
In a press release, Ankit said,” Small businesses are often referred as the backbone of Indian economy; their presence is across the sectors engaged primarily in manufacturing, retailing, services, construction etc. In the recent years, a wide spectrum of initiatives and opportunities have been set forth by the government to nurture the small businesses. Therefore, in the long run the share of small companies to economic growth is likely to expand.”
“The fund will endeavour to invest in companies that have scalable business models, are run by seasoned management and aims to generate high return on invested capital. We have a 360-degree risk assessment framework to mitigate the underlying risks and is aligned to gain from small cap and select midcap companies having growth opportunities,” said Ankit in the press release.
