UTI Mutual Fund files draft document with Sebi for a multi cap fund
UTI Mutual Fund has filed a draft document with Sebi for a multicap fund. UTI Multi Cap Fund will be an open-ended equity scheme investing across large cap, mid cap and small cap stocks.
The investment objective of the scheme will be to generate long-term capital appreciation by investing predominantly in equity and equity related securities of companies across the market capitalization spectrum.
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This multi cap fund will be benchmarked against Nifty 500 Multicap 50:25:25 TRI. The scheme will be managed by Karthikraj Lakshmanan and Deepesh Agarwal.
An exit load of 1% will be applicable, if redeemed/ switched-out within 90 days from the date of allotment and nil thereafter. The maximum total expense ratio (TER) permissible under Regulations 52 (6) © will be upto 2.25%.
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