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Tuesday, Mar 09, 2004

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UTI Thematic Fund launched

Our Bureau

Mumbai , March 8

UTI Mutual Fund has announced the launch of UTI Thematic Fund to capitalise on diverse investment opportunities across various sectors.

The fund would be an open-ended growth-oriented equity scheme.

According to a press release, the scheme would comprise of six funds. This includes large cap fund, mid-cap fund, basic industries fund, auto sector fund, banking sector fund and PSU fund.

The face value of units is Rs 10 and the minimum investment would be Rs 1,000, the release said.

The scheme is open to resident individuals, institutions as well as NRIs and FIIs.

The initial public offer of the UTI Thematic Fund remains open from March 9 to 25.

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