&w=3840&q=100)
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
34 minutes 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.
Deccan Herald
an hour ago
- Deccan Herald
Pakistan's tax exemptions rise to $21 million, economic survey shows
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.
Mint
2 hours ago
- Mint
Paks tax exemptions rise to USD 21 million, economic survey shows
Islamabad, Jun 10 (PTI) Tax exemptions to various sectors cost Pakistan more than USD 21 billion this year, a higher amount than the USD 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 ₹ 5.8 trillion in the current fiscal year (2024-25), a rise of nearly ₹ 2 trillion in the first year of the present government from the previous fiscal year's ₹ 3.9 trillion. The Express Tribune newspaper reported that in dollar terms, the cost of tax losses was USD 21 billion, substantially higher than the USD 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 ₹ 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 ₹ 4.3 trillion in the outgoing fiscal year, compared to ₹ 2.9 trillion in the previous year, a nearly 50 per cent rise. Income tax exemptions totalled ₹ 801 billion in the outgoing fiscal year, up 68 per cent from ₹ 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 ₹ 786 billion this fiscal year, up ₹ 243 billion or 45 per cent from ₹ 543 billion last year, the survey showed. The reported ₹ 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.
