UTI Mutual Fund launches ‘UTI S&P BSE Housing Index Fund’

UTI Mutual Fund launches ‘UTI S&P BSE Housing Index Fund’

May 26^th 2023: UTI Mutual Fund (UTI) launches an open-ended scheme replicating / tracking S&P BSE Housing Total Return Index (TRI) – ‘UTI S&P BSE Housing Index Fund’. The New Fund Offer is open from May 22, 2023 and closes on June 05, 2023. The scheme will re-open for subscription and redemption on ongoing basis from June 09, 2023.

The investment objective of the scheme is to seek to provide returns that, before expenses, correspond to the total return of the securities as represented by the underlying index, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Mr. Sharwan Kumar Goyal is the dedicated Fund Manager for UTI S&P BSE Housing Index Fund.

Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies, UTI AMC, commented on the launch, “Fair and affordable housing is a basic need for every individual. With the constant support & investment from the Government to bring housing within the means of every Indian household and rising demand, the housing market in the country is on an upward road.”

He further adds, “UTI S&P BSE Housing Index Fund offers investor the opportunity to benefit from the growing need of Indians for a better home”

Salient features of UTI S&P BSE Housing Index Fund

• Eligible Investors
  • The scheme is open to resident individuals, non-resident Indians, Institutions, Banks, eligible trusts, Financial Institutions, Foreign Portfolio Investor (FPI) etc.

• New Fund Offer Price
  • During the NFO period, the units of the scheme will be sold at face value i.e., ₹ 10/- per unit

• Asset Allocation

Type of Instruments	Indicative Allocation (% of total Asset)		Risk Profile
	Minimum	Maximum
Securities covered by S&P BSE Housing Index	95%	100%	Very High
Debt / Money Market instruments including Tri-Party Repo on Government securities or Treasury bills and units of Liquid Mutual Fund	0%	5%	Low

• Minimum Application Amount
  • Minimum initial investment is ₹ 5,000/- and in multiples of ₹ 1/- thereafter.
  • Subsequent minimum investment amount is ₹ 1,000/- and in multiples of ₹ 1/- thereafter.
  • The minimum SIP amount for Daily, Weekly and Monthly SIP is ₹ 500/- and in multiples of ₹ 1/- thereafter.
  • The minimum SIP amount for Quarterly SIP is ₹ 1,500/- and in multiples of ₹ 1/- thereafter.
• Plans and Options Available
  • Regular Plan and Direct Plan – Both Plans offer only Growth Option
• Load Structure
  • Entry Load: NIL (Not Applicable as per SEBI guidelines)
  • Exit Load: NIL
• Benchmark Index

S&P BSE Housing TRI

• Facilities offered
  • Systematic Investment Plan (SIP)
    • Step up Facility
    • Any Day SIP
    • Micro SIP (Non PAN exempt folio)
    • Pause facility
  • Systematic Withdrawal Plan (SWP)
  • Systematic Transfer Investment Plan (STRIP) (Available as Destination Scheme and Source Scheme)
  • Flexi Systematic Transfer Investment Plan (Flexi STRIP) (Available as Destination Scheme and Source Scheme)

Product Label

UTI S&P BSE Housing Index Fund

(An Open-Ended Scheme replicating / tracking S&P BSE Housing Total Return Index (TRI))

This product is suitable for investors who are seeking*:

• Returns that are commensurate with the performance of S&P BSE Housing Index over long term, subject to tracking error.
• Investment in securities covered by the S&P BSE Housing Index

Product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.

#based on the Index Composition as on April 28, 2023.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.