"As far as valuations are concerned, our Fair Value Spectrum indicates that valuation for Nifty 50 is in the “Fair” zone. Within equity, our reading of the situation is that, large caps are relatively attractive than small and midcaps. Then we must consider two aspects while discussing the topic of asset allocation: current allocation and incremental allocation."
UTI Innovation Fund: What sets it apart from the rest? - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The scheme will be benchmarked against Nifty 500 Index (TRI). The scheme will be managed by Hardick Bora, and Sanjay Bembalkar. The minimum application amount required is Rs 1,000 and in multiples of Re 1 thereafter.
What exactly is this new flavour and does it warrant a space in your portfolio? While talking about innovation, the biggest tech firms in the developed world usually come to mind. Since these are known for constantly pushing the boundaries of technology with disruptive ideas, investments around innovation are usually focused in these geographies. Playing this theme via Indian firms has been largely moot. Not any longer, if AMCs recent offerings are anything to go by.
NJ Flexi Cap Fund, Union Innovation & Opportunities Fund, HDFC Nifty 1D Rate Liquid ETF, Shriram Multi Asset Allocation Fund, and Bandhan Nifty IT Index Fund will open for subscription this week.