The UTI Mutual Fund today announced launch of a new close ended Equity scheme “UTI- Focussed Equity Fund-Series II which will open for subscription on December 4 and will close on December 18, 2014.
At a media interaction here, Group President, Sales & Marketing, Suraj Kaeley said that the UTI- Focussed Equity Fund Series II is a 1102 days close ended equity oriented scheme. The scheme would be investing in a compact portfolio of up to 30 securities.
Kaeley said that 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. He clarified that the scheme does not guarantee any returns but pinned high hopes of turnaround in economy and the equity market in view of various positives.
