About:

UTI Nifty 200 Momentum 30 Index Fund is an equity scheme launched by UTI Mutual Fund. The NFO of the fund is open from the 18th of February 2021 till the 04th of March 2021. The fund is an open-ended scheme that will be replicating the constituents of the Nifty 200 Momentum 30 Index in the same allocation pattern. The fund has a portfolio that adds the well-performing stocks and removes the non-performing stocks based on their momentum scores, without the intervention of any individual. The minimum application amount is Rs. 5,000. Additional investments can be made with Rs. 1,000. No exit load is applicable on the redemption of the units from the fund. The tax on UTI Nifty 200 Momentum 30 Index Fund is as per equity fund. The fund is suitable for investors interested in earning returns that closely correspond to the returns generated by the Nifty 200 Momentum 30 Index, subject to tracking errors and expenses.