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Thursday, December 04, 2014

UTI Focused Equity Fund Series – II (1102 Days) Floats On

NFO period is from 04 December to 18 December 2014 

UTI Mutual Fund has unveiled a new fund named as UTI Focussed Equity Fund Series – II, a close ended equity scheme with the duration of 1102 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 04 December and close on 18 December 2014. 

The primary objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of listed companies. The scheme will without any capitalization bias endeavor to invest in either growth stocks or value stocks or both. The Scheme will normally hold upto 30 stocks in the portfolio.
The scheme offers two options viz. growth and dividend payout option. 

The scheme will allocate 65% to 100% of assets in equity and equity related instruments with high risk profile and invest upto 35% of assets in debt & money market instruments with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry load: Not applicable. 

Exit load: Nil. 

Benchmark Index for the scheme is S&P BSE 200 Index. 

The fund managers of the scheme are Anoop Bhaskar and Lalit Nambiar. Arprit Kapoor is the dedicated fund manager for investments in ADRs / GDRs / Foreign Securities. 
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