By Tricitynews Reporter
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.
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