Buy UTI ENERGY FUND

By CROW -
UTI Mutual Fund is widening the investment objective of its existing UTI-GSF-Petro and renaming the Fund to UTI Energy Fund. The investment objective of UTI Energy Fund will cover the entire energy sector to capitalize on the emerging opportunities across the sector. In addition to investing in stocks in the oil & gas sector covering companies engaged in drilling, exploration, refining of crude oil and distribution, UTI Energy Fund will also invest in power generation companies (power generation, transmission, distribution and power trading & companies involved in consulting and financing these businesses), energy storage and distribution companies and equipment manufacturers for the energy sector.
The fund is an Open ended in nature with minimum application amount is Rs.5000. Subsequent minimum investment is Rs.1000. Minimum investment under SIP is Rs.500 for monthly and Rs.1500 for quarterly plans. UTI Mutual Fund has assets under management of Rs.45002.62 crore and investor accounts of over 8 million under its 75 domestic schemes (as of September 30, 2007).

 

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