The NFO opens for subscription on December 4 and closes on December 18.
UTI Mutual Fund has launched a second series of its close ended equity scheme called UTI Focussed Equity Fund-Series II (1102 days). The NFO opens for subscription on December 4and closes on December 18.
The scheme aims to generate long term capital appreciation by investing predominantly in equity and equity related securities of listed companies.
In a press release, the company said, “The scheme will without any capitalization bias endeavor to invest in either growth stocks or value stocks or both. The scheme will normally hold up to 30 stocks in the portfolio.”
Anoop Bhaskar and Lalit Nambiar are the fund managers of the scheme.
Through the press release, Anoop Bhaskar said, “The scheme will invest in the top stock ideas of an existing portfolio from our product basket namely UTI Opportunities Fund. The scheme will focus on quality and concentration of portfolio.”
