UTI Nifty 200 Quality 30 Index Fund NFO: Review, Date & NAV

UTI Nifty 200 Quality 30 Index Fund: Complete Overview

UTI Mutual Fund has launched the UTI Nifty 200 Quality 30 Index Fund under its UTI Asset Management Company Limited. It is an open-ended scheme that tracks or replicates the Nifty 200 Quality 30 TRI. The NFO date is from September 02 to September 16, 2024, with an NFO price of Rs.5000 and in multiples of Rs.1 thereafter. This NFO Scheme will reopen for continuous sale and repurchase on 24 September 2024.

Today at the UTI NFO, we're dedicated to providing you with useful information on this new NFO, including financial characteristics and any prior performance. Keep reading to know the details of this new fund offer.

 

UTI Nifty 200 Quality 30 Index Fund NFO Details

This NFO Mutual Fund is suitable for investors who want to achieve returns commensurate with the long-term performance of the UTI Nifty 200 Quality 30 Index subject to tracking error and purchasing securities that are part of the UTI Nifty 200 Quality 30 Index. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met.

The scheme will invest 95-100% of its units in equity and equity-associated securities of companies that are constituents of the UTI Nifty 200 Quality 30 Index and 0-5% in Debt and money market products, such as units of liquid mutual funds and Triparty Repo on government securities or treasury bills.

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Fund Overview

The UTI Nifty 200 Quality 30 Index Fund NFO minimum subscription amount is Rs.5000 and in multiples of Rs.1 thereof.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 24 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “UTI Nifty 200 Quality 30 Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

 

 

The Objective of The Fund

The Scheme aims to deliver returns that, subject to tracking error, match the overall return of the securities as represented by the underlying index before expenses. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Peers of UTI Nifty 200 Quality 30 Index Fund

 

Risk Factors In Such Funds

• The fund is exposed to market risk because it makes investments in stocks. Economic conditions, interest rates, political developments, and shifts in market sentiment are just a few of the variables that can cause the value of the assets to fluctuate and impact the performance of the underlying equities.

• The fund's results may differ from those of the index, even though it seeks to mimic the performance of the Nifty 200 Quality 30 Index. This discrepancy, referred to as tracking error, may be brought about by elements that affect the fund's capacity to precisely replicate the index, including fees, expenditures, and cash holdings.

• The fund concentrates on a portion of the Nifty 200 Index's companies, particularly those that satisfy certain quality standards. The fund is less diversified than larger market indices, even though this emphasis on premium stocks might be advantageous. Should these particular stocks or sectors do poorly, the performance of the portfolio could be negatively impacted.

• The fund doesn't try to actively choose stocks or react to market situations because it is passively managed and aims to mirror the index. Consequently, the fund might not be able to profit from market opportunities that an actively managed fund might seize or prevent losses during market downturns.

 

Past Performance of Index Funds

UTI Nifty 200 Quality 30 Index Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve returns that are commensurate with the long-term performance of the Nifty 200 Quality 30 TRI subject to tracking error and purchasing securities that are part of the Nifty 200 Quality 30 Index. 

 

UTI Nifty 200 Quality 30 Index Fund-Growth Fund Managers

• Mr. Sharwan Kumar Goyal 

• Mr. Ayush Jain.
  
  

Conclusion

The UTI Nifty 200 Quality 30 Index Fund is appropriate for investors who are high risk-tolerant and seek returns that are commensurate with the long-term performance of the Nifty 200 Quality 30 Index subject to tracking error and purchasing securities that are part of the Nifty 200 Quality 30 Index.