UTI Mutual Fund has launched a new open-ended equity-oriented index scheme that tracks the Nifty200 Momentum 30 index. It will be the first equity scheme that brings momentum-based strategy, wrapped in an index scheme, to mutual fund (MF) investors.

 

The Nifty200 Momentum 30 index, which the scheme will mimic, tracks 30 high momentum stocks from the Nifty 200 index. For those...