UTI Mutual Fund has launched new Focused Equity Fund Offer which will have a portfolio of 30 stocks across market cap. A focused equity scheme is the latest addition to UTI MF. It is expected to fill the gap in its product offering. The new fund offer (NFO) is open for subscription between August 4, 2021, and August 18, 2021.
The category average returns of focused equity funds have kept pace with their diversified peers in recent periods. For example, the focused funds category has given average returns of 52 percent over the past one year, which is more or less similar to what the flexi-cap category has delivered. Returns are more or less similar in the three-year period as well.
