logo
UTI Mutual Fund launches Multi Cap Fund: Here's all you need to know

UTI Mutual Fund launches Multi Cap Fund: Here's all you need to know

UTI Multi Cap Fund: UTI Mutual Fund has launched its UTI Multi Cap Fund, an open-ended scheme investing across largecap, midcap, and smallcap segments. The new fund offer (NFO) opened for subscription on April 29, 2025, and will close on May 13, 2025. The scheme's performance is measured against the Nifty 500 Multicap 50:25:25 Total Return Index.
The scheme aims to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies across the market capitalization spectrum. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
The scheme offers both regular and direct plans. Investors can invest a minimum amount of ₹1,000 and in multiples of ₹1 thereafter. The minimum subsequent investment amount will be ₹1,000 and in multiples of ₹1 thereafter. The minimum SIP amount for daily, weekly and monthly SIP (systematic investment plan) is ₹500 and in multiples of ₹1 thereafter. The minimum SIP amount for quarterly SIP is ₹1,500 and in multiples of ₹1 thereafter.
According to the scheme information document (SID), if the units are redeemed or switched out within 90 days from the day of allotment, an exit load of 1 per cent will be charged. However, no exit load will be charged if units are redeemed after 90 days from the date of allotment. According to the riskometer, the principal invested in the scheme will be at very high risk.
Karthikraj Lakshmanan serves as the designated fund manager for the scheme.
Vetri Subramaniam, chief investment officer at UTI AMC, said that UTI Multi Cap Fund reflects the broader commitment to offering thoughtfully designed investment solutions that align with long-term wealth creation.
"It is designed as an all-rounder investment solution that adapts to market cycles. It draws from our overall allocation philosophy and showcases the depth of our equity research capability across sectors and business cycles. We believe this is an effective addition for investors looking to build a core equity portfolio with strategic diversification,' he added.
UTI Multi Cap Fund: Who should invest?
According to the SID, the fund is suitable for investors seeking long-term capital appreciation and investments across large, midcap and smallcap stocks. However, investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pakistan's tax exemptions hit $21 billion; exceed external debt repayments: Economic survey reveals
Pakistan's tax exemptions hit $21 billion; exceed external debt repayments: Economic survey reveals

Time of India

timean hour ago

  • Time of India

Pakistan's tax exemptions hit $21 billion; exceed external debt repayments: Economic survey reveals

Pakistan's tax exemptions to various sectors cost the country over $21 billion this year, more than the $17 billion it needs to repay in commercial and bilateral external debt, as revealed in the latest economic survey. Pakistan's finance minister Muhammad Aurangzeb presented the Economic Survey of Pakistan 2024-25 on Monday, which outlines various economic developments and indicators for the fiscal year. The survey indicates that tax exemption costs increased to Rs 5.8 trillion in fiscal year 2024-25, showing a substantial rise of Rs 2 trillion from the previous year's Rs 3.9 trillion under the current government, according to news agency PTI. The survey reveals a Rs 1.96 trillion or 51% increase in tax expenditure, despite the Pakistan Muslim League-Nawaz (PML-N) government's removal of several exemptions in its previous budget. T by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Halle: GEERS sucht 700 Testhörer für Hörgeräte ohne Zuzahlung GEERS Undo he economic survey shows that tax concessions and exemptions continue to rise annually, despite multiple attempts to reduce them. These exemptions, established over time, are safeguarded under three separate tax laws. Sales tax exemptions reached Rs 4.3 trillion in the outgoing fiscal year, showing a 50% increase from Rs 2.9 trillion in the previous period. Income tax exemptions rose by 68% to Rs 801 billion from Rs 477 billion, whilst the government increased tax burden on salaried individuals but maintained exemptions for other sectors like retailers. Customs duty exemptions rose by Rs 243 billion or 45% to Rs 786 billion this fiscal year from Rs 543 billion previously, according to the report. The Rs 5.8 trillion in "tax expenditures for 2025" raises questions about the reliability of earlier reported losses, it added. The continuous growth in tax expenditures, despite governmental efforts to reduce them, suggests either the implementation of numerous undisclosed tax exemptions or underreporting of previous figures. The report says the sharp rise in tax exemption costs is not due to any major increase in economic activity. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Pakistan's tax exemptions rise to $21 million, economic survey shows
Pakistan's tax exemptions rise to $21 million, economic survey shows

Business Standard

time2 hours ago

  • Business Standard

Pakistan's tax exemptions rise to $21 million, economic survey shows

Tax exemptions to various sectors cost Pakistan more than $21 billion this year, a higher amount than the $17 billion the country is required to repay against its maturing commercial and bilateral external debt, according to the latest economic survey. Unveiled by Finance Minister Muhammad Aurangzeb on Monday, the Economic Survey of Pakistan 2024-25 documents various economic developments and indicators in a fiscal year. According to the document, the cost of tax exemptions surged to a record Rs 5.8 trillion in the current fiscal year (2024-25), a rise of nearly Rs 2 trillion in the first year of the present government from the previous fiscal year's Rs 3.9 trillion. The Express Tribune newspaper reported that in dollar terms, the cost of tax losses was $21 billion, substantially higher than the $17 billion Pakistan is required to repay this year against its maturing commercial and bilateral external debt owed to China, Saudi Arabia, the United Arab Emirates, and Kuwait. The survey showed that the jump in tax expenditure figure this year reflects a Rs 1.96 trillion or 51 per cent increase, despite the Pakistan Muslim League-Nawaz (PML-N) government removing several exemptions in its last budget. Despite multiple rounds of withdrawing tax concessions and exemptions, the amount has continued to rise annually, according to the economic survey. These exemptions, approved over the years, are protected under three distinct tax laws. The survey reported sales tax exemptions worth Rs 4.3 trillion in the outgoing fiscal year, compared to Rs 2.9 trillion in the previous year, a nearly 50 per cent rise. Income tax exemptions totalled Rs 801 billion in the outgoing fiscal year, up 68 per cent from Rs 477 billion last year, according to the Federal Board of Revenue's estimates. This increase came despite the government's decision to shift more tax burdens onto salaried individuals while sparing other sectors like retailers. Customs duty exemptions increased to Rs 786 billion this fiscal year, up Rs 243 billion or 45 per cent from Rs 543 billion last year, the survey showed. The reported Rs 5.8 trillion in "tax expenditures for 2025" casts doubt on the credibility of previously published losses, according to the report. Despite efforts by successive governments to scale back and eliminate tax expenditures, it continues to grow steadily. According to the newspaper, this indicates either the introduction of numerous hidden tax exemptions during the fiscal year or the understatement of the prior year's figures. There has been no extraordinary increase in economic activity to justify such a sharp spike in tax exemption costs, according to the report.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store