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UTI Mutual Fund has filed a draft paper with SEBI for UTI Equity Savings Fund.
The investment objective of the scheme is to provide capital appreciation and income distribution to investors using arbitrage opportunities, investment in equity/equity-related instruments and debt/money market instruments.
The scheme will invest between 65 and 90 per cent of the corpus in equity and equity-related instruments, cash future arbitrage opportunities between 20 per cent and 75 per cent, and net long equity positions between 20 per cent and 50 per cent.
The fund will also invest a maximum of 10 per cent in the units of REITs or InvITs and a maximum 35 per cent in debt securities.
The minimum investment is ₹5,000 and in multiples of ₹1.
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