UTI Small Cap Fund: 86,000 applications, garners Rs. 920 crore during NFO period

The scheme re-opened for subscription and redemption for an ongoing basis from 2020, 23 December, the fund house said


UTI Small Cap Fund will endeavour to invest in companies that have scalable business models and are run by seasoned management.


The recently launched UTI Small Cap Fund received over 86,000 applications, garnering more than
Rs. 920 crore during New Fund Offer or NFO period, the fund house said in a statement.

UTI Mutual Fund launched UTI Small Cap Fund, an open-ended equity scheme which will predominantly in small cap stocks on 2020, 2 December. The subscription closed on 16 December, 2020


Commenting on the overwhelming response Imtaiyazur Rahman, chief executive officer, UTI AMC Ltd. said, "The excellent mobilization in the NFO of UTI Small Cap Fund is a reflection of the continued trust reposed by investors in UTI Mutual Fund, its fund management capabilities and in its robust systems and processes. We are thankful to our investors and business partners for the support given to us. We look forward to their continued patronage in future."

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