UTI Mutual Fund (UTI) launches an open-ended scheme replicating/tracking the S&P BSE Low Volatility Total Return Index (TRI) - 'UTI S&P BSE Low Volatility Index Fund'. The New Fund Offer opens on February 14, 2022 and closes on February 25, 2022. The scheme will re-open for subscription and redemption on ongoing basis from March 07, 2022.
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Mr. Sharwan Kumar Goyal, Head - Passive, Arbitrage & Quant Strategies, UTI AMC, is the Fund Manager for the scheme.
On the occasion, Mr. Goyal, said, "Low volatility investing aims to provide better risk adjusted returns over time with less volatility for a relatively smoother ride. Stocks with lower volatility generally tend to hold up better when markets decline rapidly."
"UTI S&P BSE Low Volatility Index Fund, our latest offering in the smart-beta fund category, will offer exposure to a diversified portfolio of relatively stable companies within the Large and Midcap segment, by investing into the constituents of S&P BSE Low Volatility Index.", he added.