UTI Mutual Fund filed Draft Document with SEBI for New Multi-Cap Fund
UTI Mutual Fund has recently filed a draft document with SEBI for a Multi-Cap Fund, which will be an open-ended equity scheme that expends investments in large-cap, mid-cap, and small-cap stocks.
The primary objective of this scheme will be to create long-term capital growth by investing in equity and equity-related securities of companies across the market capitalization categories.
This scheme will be managed by Karthikraj Lakshamanan and Deepesh Agarwal. The multi-cap fund will benchmark against UTI Nifty 500 Multicap 50:25:25 TRI.
An exit load of 1% will be applicable on redeemed or switched out within 90 days from the date of allotment.
The initial minimum investment amount will be Rs. 1000 and in multiples of Re. 1 thereafter. The minimum amount for daily, weekly, and monthly SIP will be Rs. 500 and in multiples of Re. 1 thereafter; for quarterly SIP, the minimum SIP amount will be Rs. 1500 and in multiples of Re. 1 thereafter.
For equity and equity-related instruments of large-cap, mid-cap, and small-cap companies, the scheme allocation will be 75-100%. For the debt and money markets, it will be 0-25%, and for units issued by REITs and InvITs, it will be 0-10%.
This scheme aims to invest in equity and equity-related securities across the market capitalization categories, adopting factors like business fundamentals, financial strength, earning growth potential, sustainable cash flows, attractiveness of valuation, scalability of business, management quality, etc. This scheme will use a top-down approach with a focus on risk management.
