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Article: UTI launches UTI Contra Fund.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 21, 2006
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UTI launches UTI Contra Fund
Mumbai, Feb 21 (PTI) UTI Mutual Fund today launched an open ended equity oriented scheme, 'UTI Contra Fund', which would invest in shares of fundamentally strong companies that are on a cyclical downturn.
"We have, in the past seen that shares that are on a cyclical downturn owing to irrational market sentiments have outperformed the overall market in the subsequent couple of years," UTI Asset Management Company Chief Investment Officer A K Sridhar ...