Hyderabad: UTI Mutual Fund has unveiled 'UTI Wealth Builder Fund Series II', which combines the benefits of both equity and gold. It is an open-ended equity-oriented scheme that will look to get long-term capital appreciation by infusing predominantly in diversified portfolio of equity instruments along with gold and gold-related instruments. As per the regulatory guidelines, 0-35 per cent of allocation can be made for gold and related.
Instruments while 65-100 per cent can be in equity. The exact allocation pattern would be decided after the closure. Gold is generally considered a safe haven in times of economic upheavals and volatile equity markets.
Instruments while 65-100 per cent can be in equity. The exact allocation pattern would be decided after the closure. Gold is generally considered a safe haven in times of economic upheavals and volatile equity markets.
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