UTI Mutual Fund has launched two new equity schemes offering passive exposure to sector leaders and value-focused investment strategies. The UTI BSE India Sector Leaders Exchange Traded Fund (ETF) and UTI BSE India Sector Leaders Index Fund opened for subscription on August 31, 2026 and will close on September 11, 2026. Both funds seek to replicate or track the BSE India Sector Leaders Total Return Index (TRI), providing exposure to companies identified as sector leaders from the BSE 500 universe across financial services, information technology, telecommunications and oil and gas sectors.
UTI Asset Management Company has announced changes in the fund management responsibilities of several schemes with effect from September 1, 2026. The UTI Arbitrage Fund will see Sharwan Kumar Goyal (Equity) and Amit Sharma (Debt) continuing as fund managers, with Monish Lotia joining as Co-Fund Manager for the Equity portion. The UTI Banking and Financial Services Fund will see Bhavesh Kanani continuing as fund manager, while Amit Kumar Premchandani will no longer be part of the management team. For the new equity schemes, Sharwan Kumar Goyal will manage the funds, with Ayush Jain and Lokesh Kulthia serving as assistant fund managers.
The UTI BSE India Sector Leaders ETF is an open-ended exchange-traded scheme with a minimum investment of ₹5,000 during the NFO, followed by investments in multiples of ₹1. The UTI BSE India Sector Leaders Index Fund will be offered as a mutual fund with Regular and Direct Plans, only a Growth option, and a minimum initial investment of ₹1,000 during the NFO. Both schemes are rules-based with no entry or exit loads, providing passive exposure through index methodology rather than active stock selection.
UTI's Multi-Asset Allocation Fund (G) has demonstrated strong performance with recent NAV of ₹1,345.494 crore as of August 31, 2026. The fund maintains a diversified sector allocation with 19.23% in banks, 15.39% in others, 14.03% in FMCG, and 10.27% in IT-Software sectors. Notable holdings include ICICI Bank (3.32%), Nestle India (2.80%), Kotak Mahindra Bank (2.78%), and HDFC Bank (2.67%). The fund offers a ₹5,000 minimum investment with no lock-in period and dynamic portfolio allocation across equity, debt, and gold ETFs.
UTI's Money Market Fund has demonstrated consistent performance with ₹18,782 crore worth of assets under management as of August 2026, ranking 7th out of 22 funds in the money market category according to INDmoney. The fund has delivered a CAGR return of 7.29% since inception and ₹1, 3 and 5-year returns of 6.52%, 7.40% and 6.70% respectively. The fund maintains an expense ratio of 0.2% and has grown its AUM by ₹1.2 crore between July and June 2026. It is managed by Amit Sharma and Anurag Mittal since December 2021, with a minimum investment of ₹500 for both lump sum and SIP investments.
