UTI Mutual Fund files offer S&P BSE Sensex Next 50 Exchange Traded Fund
Time - 21/09/2018 : 17:09
UTI Mutual Fund has filed offer document with SEBI to launch an open ended scheme named 'UTI S&P BSE Sensex Next 50 Exchange Traded Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nill for the scheme. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance for Schemes will be benchmarked by S&P BSE Sensex Next 50 Index. The minimum application amount for initial purchase is Rs 5,000 & Re 1 thereafter .
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
