NAV as on 21/04/2017 for
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
However there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Mr. Kaushik Basu
Kausik Basu is Executive Vice President & Fund Manager – Equity at UTI AMC Ltd.
Open to Resident or Non- resident Indian individuals as well as non-individuals who have
The Tax Angle - Subject to prevalent tax laws (Please refer to the clause on Taxation in the Statement of Additional Information (SAI)).
Tax Benefit under Sec 80CCG:
The Scheme shall be eligible under Section 80CCG of the Income tax Act on 'Deduction in respect of investment made under an equity savings scheme' to give tax benefits to new investors who invest up to Rs.50, 000 and whose gross total annual income is less than or equal to Rs.12 lakhs (w.e.f from April 1, 2014, prior to that total income shall not exceed Rs.10 lacs), subject to provision as mentioned in notification no. 51/2012 dated November 23, 2012 and SEBI Circular no. CIR/MRD/DP/32/2012 dated December 06, 2012.
For further details regarding RGESS please refer to paragraphs following the Table of Contents in this SID.
This product is suitable for investors who are seeking*:
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Kausik Basu is Executive Vice President & Fund Manager – Equity at UTI AMC Ltd. He is also responsible for equity research for the Metal & Cement Sector. He is a B.Com graduate from Kolkata (Calcutta) University and holds a graduate degree in law (LLB) from Kolkata (Calcutta) University. He has also completed CS (Int) and CAIIB – Part I. He is also a Member of Cost and Works Accountant of India. Kausik has an overall experience of 26 years including 12 years in the domestic Equity Capital markets. He in his earlier days has worked in the areas of Accounts and Money Market of erstwhile Unit Trust of India. He has worked as Equity Dealer for UTI and UTI AMC for 4 years. He has worked as Assistant Fund Manager for Equity Schemes like UTI- Opportunity Funds, UTI- Wealth Builder Funds, etc as well as the Senior Research Analyst covering sectors like Metal, Cement and Retail.
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.