UTI Mutual Fund filed an offer document to launch UTI-Global Emerging Market Fund. The investment objective of the fund is to achieve long-term capital appreciation by investing predominantly in equities of emerging market economies. The UTI-Global Emerging Market Fund offers growth and dividend option. Dividend option further provides dividend payout and reinvestment facilities. The scheme will invest 65-100% of its portfolio in equities of emerging market economies, units/securities issued by overseas mutual funds/ unit trusts investing exclusively in equities of emerging market economies. The scheme will invest 0-35% in other permitted foreign equities and/or equity related instruments. The plan may invest 0-10% of its debt portfolio in money market instruments.
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