SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • NFO News UTI MF launches 2 index funds

    UTI MF launches 2 index funds

    NFOs open on November 11 and close on November 25.
    Team Cafemutual 9 hours ago

    UTI Mutual Fund has launched two index funds - UTI Nifty Alpha Low-Volatility 30 Index Fund and UTI Nifty Midcap 150 Index Fund.

    UTI Nifty Alpha Low-Volatility 30 Index Fund is UTI’s first multi-factor offering. The underlying index Nifty Alpha Low-Volatility 30 Index provides exposure to portfolio of 30 companies within Nifty 100 (100 Large-cap companies) & Nifty Midcap 50 (50 Mid-cap companies) selected based on composite score i.e. 50% Alpha Score & 50% Low Volatility Score.

    On the other hand, the UTI Nifty Midcap 150 Index Fund provides exposure to the entire universe of midcap companies listed on NSE.

    In a press release, Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies, UTI AMC, said, “UTI Nifty Alpha Low-Volatility 30 Index Fund can provide diversification benefit during different economic and equity market cycles. The fund may be considered as a one stop solution for investors seeking both growth opportunity with stability combined in a single fund. On the other hand, UTI Nifty Midcap 150 Index Fund provides investors with exposure to the entire midcap gamut in a defined and focused way.”

     

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.
    Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.