UTI Mutual Fund Launches UTI Focussed Equity Fund-Series I (1100 days)

UTI Mutual Fund today announces the launch of a new close ended Equity scheme “UTI- Focussed Equity Fund-Series I (1100 days)”.  The New Fund Offer opens on August 13, 2014 and closes on August 27, 2014.

UTI- Focussed Equity Fund Series I is an 1100 days close ended equity oriented scheme. The scheme would be investing in a compact portfolio of up to 30 securities.

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.

Mr Anoop Bhaskar and Mr Lalit Nambiar are the fund managers of the scheme.

Mr Anoop Bhaskar said, “The improvement in domestic macro-economic indicators coupled with political stability and administrative astuteness should be the foundation stone for positive equity returns in the coming years. Our focus on quality companies should help us capitalize on this growth opportunity and benefit our investors.”

Salient Features of UTI Focussed Equity Fund-Series I (1100 days)

• Type of Scheme: Close ended Equity Scheme

• Eligible Investors: The scheme is open to resident individuals, institutions as well as to NRIs and FIIs.

• New Fund Offer Price: Units can be purchased only during the New Fund Offer (NFO) period. During the NFO period the units will be sold at face value i.e. Rs.10/- per unit

• Plan(s) and Option(s) Offered: The Scheme offers Regular Plan and Direct Plan

     Both Plans offer Growth Option and Dividend Option with Payout facility

        Asset Allocation:

*The scheme will not invest in securitized debt

• Minimum Application Amount:

Minimum amount of investment is Rs.5,000/- and in multiples of Rs.1/- thereafter.

Redemption : At Maturity

The scheme will be listed on National Stock Exchange (NSE).Withdrawal prior to maturity is not allowed.

      Liquidity:

As per SEBI guidelines, the AMC shall not redeem the   units of the scheme  before the date of  maturity. The  units of UTI Focussed Equity Fund-Series I(1100 days) will be listed on NSE after closure of the New Fund Offer period. Investors will be able to enter and exit the scheme through transactions in the secondary market within 5 days of allotment.

• Load Structure

Entry Load: NIL

Exit Load : Redemption not permitted before maturity. For redemptions made on maturity date, the AMC will not charge any Exit Load.

• Benchmark Index:         

                    S&P BSE 200 Index

About UTI Mutual Fund:

UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of   Baroda   and Life Insurance Corporation of India.

UTI Mutual Fund is one of the largest mutual funds in India with investor accounts of 9.53 million under its 121 domestic schemes / plans as on June 30, 2014

Registered Office: UTI Tower, ‘Gn’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Phone : 022-66786666. For more information please contact the nearest UTI Financial Centre or your AMFI/NISM certified UTI Mutual Fund independent Financial Advisor (IFA) for a copy of Statement of Additional Information, Scheme Information Document and Key Information Memorandum cum Application Form. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.