Dailymirror.news, January 31st, 2025: UTI Mutual Fund (UTI MF) has launched two innovative index funds aimed at providing investors with diverse and strategic investment opportunities:

1. UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund – An open-ended scheme replicating/tracking the Nifty Midsmallcap 400 Momentum Quality 100 Total Return Index (TRI).
2. UTI Nifty India Manufacturing Index Fund – An open-ended scheme replicating/tracking the Nifty India Manufacturing Total Return Index (TRI).

UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund

This fund marks UTI’s first multi-cap, multi-factor index fund in the industry, offering exposure to a blend of momentum and quality factors within the mid-small cap segment. It aims to provide investors with style diversification and exposure to companies with strong growth potential. The fund follows a low-cost index structure with a focus on minimizing tracking error.

• NFO Period: January 28, 2025 – February 10, 2025
• Fund Manager: Mr. Sharwan Kumar Goyal (Head – Passive, Arbitrage & Quant Strategies)
• Benchmark: Nifty Midsmallcap 400 Momentum Quality 100 TRI
• Minimum Investment: ₹1,000 (in multiples of ₹1 thereafter)
• Plans & Options: Regular & Direct Plans (Growth Option Only)
• Load Structure: No entry or exit load

UTI Nifty India Manufacturing Index Fund

This fund focuses on India’s manufacturing sector, offering investors a structured and disciplined way to tap into the industry’s growth potential. The fund aims to reduce tracking error through regular portfolio rebalancing while maintaining alignment with the Nifty India Manufacturing TRI index.

• NFO Period: January 28, 2025 – February 10, 2025
• Fund Manager: Mr. Sharwan Kumar Goyal (Head – Passive, Arbitrage & Quant Strategies)
• Benchmark: Nifty India Manufacturing TRI
• Minimum Investment: ₹1,000 (in multiples of ₹1 thereafter)
• Plans & Options: Regular & Direct Plans (Growth Option Only)
• Load Structure: No entry or exit load

Expert Insights

Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies at UTI AMC, expressed confidence in the new funds, stating,
“UTI AMC has been a pioneer in passive fund management for over two decades. These two new index funds offer investors exposure to promising sectors with a disciplined approach to portfolio construction. Our aim is to provide investment solutions that align with long-term financial goals while navigating today’s evolving financial landscape.”

With these new offerings, UTI Mutual Fund continues to expand its passive investment portfolio, giving investors access to emerging market trends and structured wealth-building opportunities.

UTI Nifty MidSmallcap 400 Momentum Quality 100 Index Fund

(An open-ended scheme replicating/tracking Nifty MidSmallcap 400 Momentum Quality 100 TRI)

This product is suitable for investors who are seeking*:

•       Returns that are commensurate with the performance of the Nifty MidSmallcap 400 Momentum Quality 100 Index over long term, subject to tracking error.

•       Investment in securities covered by the Nifty MidSmallcap 400 Momentum Quality 100 Index

UTI Nifty India Manufacturing Index Fund

(An open-ended scheme replicating/tracking Nifty India Manufacturing TRI)

This product is suitable for investors who are seeking*:

•       Returns that are commensurate with the performance of Nifty India Manufacturing Index over long term, subject to tracking error.

•       Investment in securities covered by Nifty India Manufacturing Index.

Product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.

# Based on the Index Composition as on December 31, 2024.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

The Risk-o-meter of the fund/s is/are evaluated on monthly basis and any changes to Risk-o-meter are disclosed vide addendum on monthly basis, to view the latest addendum on Risk-o-meter, please visit addenda section on https://utimf.com/downloads/.