UTI MF launches UTI Nifty200 Quality 30 Index Fund

The fund manager in India with the fastest growth is UTI Asset Management Company, which was founded in 2003. Investment solutions are abundant and include venture funds, alternative investment funds, retirement solutions, portfolio management services (PMS), and more. UTI AMC has 15,648.55 crore worth of assets under management in total. The management of all UTI mutual fund schemes is entrusted to an appointed investment manager. The company’s well-known brand, combined with its performance and global reach, creates a solid foundation for future investment growth.

All about the Fund:

UTI Nifty200 Quality 30 Index Fund Direct-Growth is an equity new fund offer (NFO) launched by UTI Asset Management Co. Ltd. The investors can apply to the NFO from 2 September 2024 to 16 September 2024. As per the SEBI-defined riskometer, the UTI Nifty200 Quality 30 Index Fund Direct-Growth is rated as Very High Risk. UTI Nifty200 Quality 30 Index Fund Direct-Growth has defined its benchmark as Nifty 50.

There is direct growth in the UTI Nifty200 Quality 30 Index Fund. Net Asset Value is Rs. 10, and the new fund offer (NFO) will launch on September 2, 2024, with an end date of September 16, 2024, and an allocation date of September 23. The risk associated with this offer is very high.

All about NAV:

A mutual fund’s net asset value (NAV) indicates the market value of each share. It is the cost at which investors purchase fund shares from a fund company (bid price) and resell them to the same fund company (redemption price). Every trading day, NAV is computed once using the closing market prices of the securities in the portfolio.

Conclusion: The UTI Nifty200 Quality 30 Index Fund Direct-Growth fund is now open, but it carries a high level of risk. Therefore, you should consider taking the NFO based on how you manage risk for your fund.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.