UTI Mutual Fund Lowers Minimum Investment for Two Key Schemes
UTI Mutual Fund has made investment at lower amount of lump sum very easy by reducing the minimum lumpsum investment for two of its most selling schemes. From 20 September 2024, investors can invest in the UTI Nifty Private Bank Index Fund and the UTI Nifty200 Quality 30 Index Fund with just a meagre amount of Rs.1,000 which is a reduction from the earlier requirement of Rs.5,000.
What does this Move mean for Investors?
This means that this move opens up the ability to invest for a large number of investors, especially smaller and new investors. The lower minimum UTI Mutual Fund limit lets more people experience sector-specific and quality-focused index funds. This means greater flexibility for investors: they can begin with smaller amounts and gradually build a more diversified portfolio.
Focused Investment Approach
Both these funds invest with a specific strategy. UTI Nifty Private Bank Index Fund tracks the performance of leading private sector banks and gives the investor an opportunity to invest in a particular sector of the economy. The UTI Nifty200 Quality 30 Index Fund focuses on the high-quality companies from the Nifty200, thus adopting quality as the strategy for long-term investment.
