NFO review: UTI Smart Woman Savings Plan

UTI Mutual Fund launched UTI Smart Woman Savings Plan, a new scheme that would cater exclusively to women investors, on the International Women’s day. Women above 18 years can invest in the new scheme that is an open-ended debt-oriented hybrid scheme. The scheme will invest a minimum of 70 per cent in debt and the rest will go in equity.

According to the scheme’s information document, the investment objective of the scheme is to invest in a portfolio of equity/equity related securities and debt and money market instruments. The debt portfolio brings in a stability factor while equity provides a scope for growth.

The scheme will be managed by Amandeep Chopra and Ajay Tyagi. Amandeep Chopra would manage the debt portfolio of the scheme and Ajay Tyagi would manage the equity portfolio.


Should you invest?
Vivekh Pathak, a Certified Financial Planner (CFP) based in Delhi, says women can invest in other schemes under the same category with better and consistent returns over the years. “Why go for an NFO. Go for schemes that have a proven track record,” he adds.

Scheme at a glance
Name of the scheme: UTI Smart Woman Savings Plan
Type of Scheme: Open ended debt oriented scheme
Eligible Investors: Resident and NRI women above 18 years
Plans and option(s) available: Growth Option, Dividend Option
Minimum Application Amount: Rs 5,000 for dividend option and Rs 1,000 for growth option
Entry Load: NIL
Exit Load: Less than one year- 0.75 per cent. After one year- NIL