Comments
UTI Mutual Fund will launch a new offer on small cap fund which will be open for subscription till December 16. The scheme will re-open for subscription and redemption for an ongoing basis from December 23.
Minimum initial investment is ₹5,000 and additional purchase of ₹1,000. Exit load of one per cent will be charged if units are sold before one year of allotment.
The scheme aims is to generate long term capital appreciation by investing predominantly in equity and equity-related securities of small cap companies.
Ankit Agarwal, Fund Manager of the small cap fund said the fund will invest in companies that have scalable business models, seasoned management and generate high return on invested capital.
"We have a 360 degree risk assessment framework to mitigate the underlying risks and is aligned to gain from small cap and select mid-cap companies having growth opportunities,” he added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.