UTI Mutual Fund lowers minimum lumpsum amount for two schemes

UTI Mutual Fund has made it easier for investors to enter two of its popular schemes by reducing the minimum lumpsum investment amount. Starting from September 20, 2024, investors can invest as little as ₹1,000 in the UTI Nifty Private Bank Index Fund and the UTI Nifty200 Quality 30 Index Fund, down from the previous requirement of ₹5,000. What this means for investors This reduction opens up access to these funds for a broader range of investors, particularly small and first-time investors looking for exposure to sector-specific and quality-driven index funds.

With a lower barrier to entry, investors can now start with smaller amounts, allowing more flexibility in building a diversified portfolio. Both funds offer a focused investment approach. The UTI Nifty Private Bank Index Fund tracks the performance of private-sector banks, while the UTI Nifty200 Quality 30 Index Fund focuses on high-quality companies from the Nifty 200.



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