UTI Mutual Fund today announced the launch of a new close ended equity scheme 'UTI- Focused Equity Fund-Series II (1102 days)'. The new fund offer opens for subscription on Dec. 4, 2014 and closes on Dec. 18, 2014.
UTI- Focussed Equity Fund Series II is an 1102 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.
Anoop Bhaskar fund managers of the scheme said, "The scheme will invest in the top stock ideas of an existing portfolio from our product basket namely UTI Opportunities Fund. The scheme will focus on quality and concentration of portfolio."