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UTI Mutual Fund has launched UTI Nifty Midcap 150 ETF that will track performance of Nifty Midcap 150 TRI.
In a press release, Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies, UTI AMC, said, “The UTI Nifty Midcap 150 ETF enables investors to tap into India's midcap universe through the Midcap 150 index, offering the potential for attractive returns and exposure to emerging leaders. With its affordability, it serves as a cost-effective avenue to invest in midcap market segment.”
The minimum investment size will be Rs.5000.
