UTI Mutual Fund launches UTI Small Cap Fund

UTI Mutual Fund has launched UTI Small Cap Fund, an open-ended equity scheme which will predominantly invest in small cap stocks. The New Fund Offer or NFO opens on December 2, and closes for subscription on December 16. The scheme will re-open for subscription and redemption for an ongoing basis from December 23, said the fund house.

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of small cap companies. Ankit Agarwal will be the fund manager of the scheme.

"Small businesses are often referred as backbone of Indian economy, their presence is across the sectors engaged primarily in manufacturing, retailing, services, construction etc. In the recent years, a wide spectrum of initiatives and opportunities have been set forth by the government to nurture the small businesses. Therefore, in the long run the share of small companies to economic growth is likely to expand,” said Agarwal.


“UTI Small Cap Fund will endeavour to invest in companies that have scalable business models, are run by seasoned management and aims to generate high return on invested capital. We have a 360 degree risk assessment framework to mitigate the underlying risks and is aligned to gain from small cap and select midcap companies having growth opportunities.” he added