UTI Mutual Fund (UTI) has launched an open-ended scheme tracking the S&P BSE Low Volatility Total Return Index (TRI) - ‘UTI S&P BSE Low Volatility Index Fund’.
The scheme aims to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Sharwan Kumar Goyal, Head - Passive, Arbitrage & Quant Strategies, UTI MF is the Fund Manager for the scheme. In a press release, Goyal, said, “Low volatility investing aims to provide better risk adjusted returns over time with less volatility for a relatively smoother ride. Stocks with lower volatility generally tend to hold up better when markets decline rapidly.”
“UTI S&P BSE Low Volatility Index Fund, our latest offering in the smart-beta fund category, will offer exposure to a diversified portfolio of relatively stable companies within the Large and Midcap segment, by investing into the constituents of S&P BSE Low Volatility Index.”, he added.
