UTI Mutual Fund launches ‘UTI Innovation Fund’: Nine things to know

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UTI AMC. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here 1)The NFO starts on September 25, 2023 and closes on October 9, 2023.

2)The investment strategy of the fund focuses on 3 pillars vis., Innovation: Companies using innovation to enhance productivity or improve environmental/social impact; Growth: Companies with significant growth potential, demonstrated track record of developing the market and/or gaining market share; Quality: Financially strong companies with market leadership, robust business models, quality management & corporate governance. 3)The Fund aims to invest in potential investment opportunities such as, but not limited to, e-commerce, software, fintech, specialty chemicals, clean tech, healthcare, food tech, digital ad companies etc.

4) The Fund would have a higher active share due to the focus on innovation, however, follows a robust risk-assessment framework that aims to manage portfolio risks – concentration and disruption. 5)Salient features of the UTI Innovation Fund -Suitable for Investors looking for a true-to-label innovation fund that is benchmark agnostic and backed by research expertise -Investors seeking relatively high growth potential and willing to ride the underlying waves of innovation -Investors may invest through lump sum or staggered (SIP/ STP) allocation and with a long-term horizon 6)Fund Manager Mr.