NFO Alert: UTI Nifty India Manufacturing Index Fund

The UTI Nifty India Manufacturing Index Fund – Regular Plan, offered by UTI Mutual Fund, is an open-ended equity scheme designed to track the Nifty India Manufacturing TRI, a benchmark index that represents companies in India’s manufacturing sector. The fund aims to deliver returns that align with the performance of the index, subject to tracking errors.

Fund Details

The new fund offer (NFO) opens on 28th January 2025 and closes on 10th February 2025. The scheme requires a minimum investment of ₹1,000. There is no lock-in period and no exit load, allowing investors the flexibility to redeem their investments at any time without additional costs.

Investment Objective

The fund’s strategy focuses on investing in the securities that make up the Nifty India Manufacturing TRI. By following a passive investment approach, it seeks to replicate the index’s performance before expenses. The fund emphasizes minimizing tracking errors and aims to provide an option for investors looking to gain exposure to the manufacturing sector.

Risk Category and Benchmark

This scheme is categorized as Very High Risk on the Riskometer. Investors should be aware that equity investments, particularly those focused on specific themes such as manufacturing, carry significant market risk.

The performance of the fund is benchmarked against the Nifty India Manufacturing TRI, which captures the growth of India’s manufacturing sector.

Management and Support

The fund is managed by Sharwan Kumar Goyal, an equity fund manager with over 18 years of experience in passive and quantitative strategies. 

The fund’s operations are supported by KFin Technologies Ltd., which serves as the registrar and transfer agent.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.