‘Small and mid cap funds can be an opportunity for investors in 2021’
Synopsis
Axis Mutual Fund believes that small and mid cap space is an opportunity for investors in this New Year.
Small and mid cap funds have been in the limelight since they led the covid-recovery rally in the market. Small and mid cap funds have been posting great returns since Sep, 2020 and mutual fund experts believe that this run might continue in 2021 as well. Small cap funds have offered 31.67% returns in one year and 22.13% returns in the last three months. Axis Mutual Fund believes that small and mid cap space is an opportunity for investors in
UTI Small Cap Fund NFO mobilises Rs 920 cr ANI | Updated: Dec 24, 2020 11:18 IST
Mumbai (Maharashtra) [India], December 24 (ANI): UTI Small Cap Fund got more than 86,000 applications garnering more than Rs 920 crore from investors during its new fund offer (NFO) from December 2 to 16.
The fund plans to invest in companies that have scalable business models and are run by seasoned management.
The objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of small cap companies. The excellent mobilisation in 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, said Imtaiyazur Rahman, Chief Executive Officer of UTI Asset Management Company (UTI AMC).
UTI Small Cap Fund NFO garners Rs 920 crore
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Last Updated: Dec 24, 2020, 08:43 AM IST
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Synopsis
UTI Small Cap Fund is an open-ended equity scheme which will predominantly invest in small cap stocks. The scheme will re-open for subscription and redemption for an ongoing basis from December 23.
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UTI Asset Management Company on Wednesday said it has raised over Rs 920 crore through a new fund offer (NFO) of its small cap fund.
The scheme UTI Small Cap Fund attracted more than 86,000 applications during the NFO period from December 2-16 garnering more than Rs 920 crore, the fund house said in a statement.
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I am new to SIP investments. I started investing in ELSS funds for tax saving in 2016. After browsing various knowledge sharing websites, I have added the remaining funds. I have target of 15 years to 20 years. Kindly guide whether the portfolio I have built is on the right track? I have a nine-month-old daughter. My long-term goal is to raise funds for her education and marriage. The details of the portfolio are as follows: