UTI New Delhi: UTI Small Cap Fund has received an overwhelming response from investors during the NFO period from Dec 2 to Dec 16.
The scheme has attracted more than 86000 applications, garnering more than Rs.920 crore.
Commenting on the response received under UTI Small Cap Fund, Imtaiyazur Rahman, Chief Executive Officer, UTI AMC Ltd. said, ”The excellent mobilization in the NFO of UTI Small Cap Fund is a reflection of the continued trust reposed by investors in UTI Mutual Fund, its fund management capabilities and in its robust systems and processes. We are thankful to our investors and business partners for the support given to us. We look forward to their continued patronage in future.”
UTI Small Cap Fund will endeavour to invest in companies that have scalable business models and are run by seasoned management.
The objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies.
However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
The scheme will re-open for subscription and redemption on an ongoing basis from December 23,2020.
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