Wednesday, 13 September 2017

UTI Mutual Fund Launches UTI Focussed Equity Fund-Series IV

By 121 News

Chandigarh 13th September:- UTI Mutual Fund today announces the launch of a new close ended Equity scheme "UTI- Focused Equity Fund-Series IV (1104 days)".  The New Fund Offer opens on September 13, 2017 and closes on September 25, 2017.

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 up to 30 stocks in the portfolio. The scheme does not guarantee/indicate any returns. There can be no assurance that the scheme's objectives will be achieved.

Vetri Subramaniam and Sachin Trivedi are the fund managers of the scheme.

Vetri Subramaniam said that UTI focussed Equity Fund Series IV will not adhere to any particular style, theme or market capitalization. It will focus on identifying 30 potential ideas that would play during the tenure of the scheme.