UTI Mutual Fund submits draft for SID to SEBI to launch UTI Equity Savings Fund-Series 1
Jul 20 2017
News Category: AMC Specific Updates
UTI Mutual Fund has submitted draft for scheme information document (SID) to the Securities and Exchange Board of India to launch UTI Equity Savings Fund-Series 1. The fund proposes to launch six series under the equity savings fund and the schemes will deploy 65-90% of its assets in equity securities and derivatives. Benchmark index of the fund would be as 40% Crisil Liquid Fund Index, 30% Crisil Short Term Bond Fund Index and 30% Nifty 50, and Kausik Basu will be the fund manager of the scheme.