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UTI Mutual Fund (UTI) launches 'UTI Long Duration Fund', an open-ended debt scheme investing in debt and money market instruments such that the portfolio Macaulay Duration is above 7 years, the company said via an exchnage filing. The scheme will have a relatively high interest rate risk and relatively low credit risk. The NFO starts on March 6, 2023 and closes on March 15, 2023.
Active/ Passive Most retail investors invest in Mutual Funds because they don’t want to monitor their investments regularly, and yet, expect a decent return over time. Although even “Mutual fund investments are subject to market risks” and require monitoring. Investments in equities are seen as an active investing strategy, wherein we need to keep track of the performance. However, even with equities some people just invest and don’t want to part ways with the investment for an indefinite time. Both are more or less the same as they require conscious decision-making and monitoring. ...