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UTI launches UTI- Wealth Builder Fund- Series II
DUBAI - UTI Mutual Fund has announced the launch of an open ended equity oriented scheme, “UTI Wealth Builder Fund-Series II” which combines the benefits of both equity and gold.
The investment objective of the Fund, the first of its kind in the Mutual Fund industry is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market instruments.
First time Investors will have the convenience of investing through SIP that will have exposure to Gold ETF. A Press release states that the scheme will reopen for purchase and redemption, not later than 30 days from the closure of the NFO period. The scheme will also offer redemption of units at NAV based prices on every business day on an on-going basis not later than 30 days from the date of closure of the NFO period.
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