UTI Mutual Fund has come out with a three-year close-ended equity fund called UTI Infrastructure Advantage Fund - Series I. The duration of the scheme is three years from the date of allotment. The scheme endeavors to provide income distribution and /or medium to long-term capital appreciation by investing predominantly in equity / equity related instruments in the companies engaged either directly or indirectly in the infrastructure growth of the Indian economy.
According to Mr. Sanjay Dongre, Fund Manager, UTI AMC, "The scheme aims to build and maintain a diversified portfolio of equity stocks within the infrastructure theme that has the potential to appreciate in the long run. The scheme will invest in sectors that include, Construction, Energy, Engineering, Metals, Power, Telecom, Transportation, and Airports etc
About 65% to 100% of the portfolio allocation will be in equity and equity- linked instruments of companies engaged directly or indirectly in infrastructure sector. Debt securities and money market instrument will comprise of 0 to 35% of the portfolio.
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