UTI Mutual Fund (UTI) has launched an open-ended scheme replicating/tracking the S&P BSE Low Volatility Total Return Index (TRI) - ‘UTI S&P BSE Low Volatility Index Fund’. The New Fund Offer opened on February 14, 2022, and closes on February 25, 2022. The scheme will re-open for subscription and redemption on an ongoing basis from March 7, 2022.
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Sharwan Kumar Goyal, Head - Passive, Arbitrage & Quant Strategies, UTI AMC, is the Fund Manager for the scheme. “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,” said Goyal.
Salient features of UTI Sensex Index Fund
Eligible Investors
The scheme is open to resident individuals, non-resident Indians, Banks, eligible Trusts, Financial Institutions, Foreign Portfolio Investor (FPI), etc.
Minimum Application Amount
- Minimum initial investment is Rs. 5,000
- Subsequent minimum investment under a folio is Rs 1,000
Plans and Options Available
- The scheme offers Regular Plan and Direct Plan.
- Both the plans offer only Growth Option.
Load Structure
Benchmark Index
- S&P BSE Low Volatility TRI
Features Offered
- Systematic Investment Plan (SIP)
- Step up facility
- Any Day SIP
- Micro SIP (Non PAN exempt folios)
- Pause facility
- Systematic Withdrawal Plan (SWP)
- Systematic Transfer Investment Plan (STRIP) (Available as Destination Scheme and Source Scheme)
- Flexi Systematic Transfer Investment Plan (Flexi STRIP) (Available as Destination Scheme and Source Scheme)
