Within a few days of launch of Nifty 200 Momentum 30 Index from NSE, UTI AMC has filed draft prospectus with SEBI for the launch of UTI Momentum Index Fund.
Scheme Details:
UTI Momentum Index Fund will be an open-ended Index Fund tracking the Nifty 200 Momentum Index.
During the NFO period, the units of the scheme will be sold at the Face Value of Rs.10/- per unit.
Benchmark: Nifty 200 Momentum 30 Index.
Entry / Exit load - Nil.
Minimum initial investment is Rs. 5,000/- and subsequently Rs.1,000/-
Expense Ratio - to be updated.
Note: This post will be updated when the NFO is launched after SEBI approval.