UTI Innovation Fund
Scheme Details
Launch Date : 25th September, 2023
Close Date : 09th October, 2023
Type : An open-ended equity scheme following innovation theme.
Investment Opjective: The scheme intends to provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum application amount : Initial Purchase: ₹5,000 and in multiples of ₹1 Additional Purchase: ₹1,000 and in multiples of ₹1/-
Entry load : Nil
Exit load : 1% if redeemed/switched out within 12 months from the date of allotment, Nil thereafter
Fund manager : Mr. Ankit Agarwal
Benchmark Index : Nifty 500 TRI
Investment Strategy-
INNOVATION: • Companies that use innovation to enhance productivity
• Companies that are involved in emerging technologies E.g: clean tech, which have positive environmental and social impact
• Early adopters of technology or innovative processes that disrupt incumbents
GROWTH: Companies having significant potential for growth
• Companies that have demonstrated track record of developing the market and/or gaining market share
QUALITY: Focus on companies that are market leaders, robust business model, quality management, and corporate governance
• Financial strength of the company, unit economics and ability to sustain growth
• Significant entry barriers and network effects
Who Should Invest?
True to label : A fund that invests in innovative businesses and disruptors
High Growth: Potential Invests in businesses with potential of non-linear growth outcomes
Risk Management: Robust risk-assessment framework that aims to manage portfolio risks – concentration and disruption
Benchmark Agnostic: The Fund would have higher active share due to focus on innovation
This product is suitable for investors who are seeking
• Long-term capital appreciation
• Investment in equity and equity-related instruments following innovation theme
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
(Disclaimer: The content herein does not consider individual investor’s objectives, risk appetite or financial needs or circumstances or the suitability of the mutual fund products described herein. Hence, investors are advised to consult their professional investment adviser/ consultant/ tax advisor for investment advice.
A mutual fund scheme is NOT a DEPOSIT product and is not an obligation of, guaranteed, or insured by the mutual fund or its AMC. Due to the nature of the underlying investments, the returns or the potential returns of a mutual fund product cannot be guaranteed. When presented, historical performance is purely for reference purposes and does not guarantee future results)
Mutual funds are solely Distributed by GoldenFundswala under AMFI ARN- 246349, BSE Star MF- 57315
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.