Archives January 2025

06th January 2024: Ahmedabad: Manubhai & Shah LLP, an accounting firm, marked its 50-year milestone with a celebration in Ahmedabad on Friday. Founded in 1975, it has grown into a national firm with a global client base, serving industries ranging from privately held businesses to publicly traded companies and non-profit organizations.

The golden jubilee celebrations were marked by a special keynote address by CA TN Manoharan, Padma Shri awardee and former President of the Institute of Chartered Accountants of India (ICAI).

Speaking on the topic “Tomorrow’s India and the Future of the Accounting Profession,” CA Manoharan shared insights on the evolving landscape of accounting in India.

“India is on the cusp of transformational growth, fuelled by its demographic advantage, political stability, dynamic policies and a thriving entrepreneurial sprit. With its strengths in technology, manufacturing and innovation, India is not just witnessing progress but shaping the future of the global economy. By empowering its youth and embracing opportunities, there’s no limit to the heights India can achieve as it marches toward its centenary of independence in 2047,” he said.

Speaking about the future of accounting profession, he said, “The accounting profession is evolving beyond number-crunching to become a vital force in strategic decision-making and leadership. The opportunities are growing. CA as a profession provides the strong foundation to excel in any field. There is a need to reorient to align ourselves with the evolving times.”

Reflecting on the firm’s journey of five decades, Kaushik Patel, Managing Partner of Manubhai & Shah LLP, said, “What started as a small vision in 1975 with two partners has now grown into a team of eighteen partners who are supported by team of qualified professionals. As we celebrate this milestone, we are proud of what we have achieved over the last 50 years and look forward to building on our success over the coming years.”

Kshitij Patel, Managing Partner of Manubhai & Shah LLP, said, “We are scaling up our presence and aim to have a nationwide presence in the next few years and are adopting the latest technological tools to serve clients better. With a strong focus on international operations, we are also prioritising domestic growth to support the country’s economic growth.”

The event was attended by leading chartered accountants, business leaders, and prominent figures from trade and industry.

January 04, 2025:  Fixity Group of Companies founded by an NRI IT entrepreneur is in an expansion mode. It plans to invest INR 100 crore in the next two years

The group comprises of FixityEDx, Fixity Tech, Fixity Learn and Brain Marks. It has interests in IT, Education, Skills, Investments, Sustainability, Health Care, Hospitality etc and others.

Currently, the company has bases in the USA, India and Mexico.

Speaking to the media on the sidelines of the APTA KATALYST – Global Business Conference, Vinay Velivela, Chairman and Founder of Fixity Group said that the company was foraying into the plastic, electronic recycling business. It acquired recently a new company to that effect.

We are setting up a nursing college, Drone University Vinay announced. Until now we had a major presence in Hyderabad. Now we are expanding in Andhra Pradesh. All the above-stated plans will come up in Andhra Pradesh, he stated.

E-waste, solar battery, and lithium battery waste are big opportunities. E-waste is a bomb to explodes anytime. We see a huge opportunity which is not yet tapped fully. Hence, we are foraying into it he added.

The drone university will be India’s first such university. Drones are now being used in a variety of applications. With MoUs to be inked with several countries and institutions across the globe, it will be the state-of-the-art drone centre for excellence, Vinay Velivela shared.

Another ambitious project on the anvil is Regional Shark Tank to nurture local entrepreneurs with funding and guidance, he added

A visionary with business interests in IT, Up-skilling, Education, Health Care, and Environment, the company is aiming its resources from a current strength of 500 to 1000 in the next couple of years.

Vinay who is an office bearer of the American Progressive Telugu Association (APTA) believes in leading his companies with compassion and understanding. Empathetic leadership should be at the core of day-to-day operations, he adds.

Hyderabad,, January 04, 2025…..The Federation of Telangana Chambers of Commerce and Industry (FTCCI) extends its heartfelt congratulations to the Government of Telangana for coming out with the Draft Renewable Energy (RE) Policy, aimed at promoting sustainable energy solutions across the state. This forward-thinking policy is hailed as one of the best in the country and is expected to set a benchmark for other states to follow.

FTCCI deeply appreciates the dedicated efforts of Hon’ble Deputy Chief Minister Sri Bhatti Vikramarka Mallu and the tireless work of the energy department officials, including:

Sri Sandeep Kumar Sultania, IAS, Principal Secretary to Govt.
Sri Krishna Bhaskar, IAS, CMD, TGTRANSCO
Sri Musharraf, IAS, CMD, TGSPDCL
Sri Varun Reddy, IAS, CMD, TGNPDCL
Smt. Anila. V, VC and MD, TGREDCO

The draft policy shared at the stakeholders’ meeting yesterday was a significant milestone in Telangana’s journey toward becoming a renewable energy leader. FTCCI actively participated in the deliberations and provided valuable recommendations aimed at enhancing RE generation and consumption.

Key Recommendations given by FTCCI were:

1. Increase Net Metering Limits & Enhance Contract Demand Utilization:

a. Raise the cap from the existing 1 MW to 5 MW to align with evolving technological and economic standards, setting Telangana on par with or ahead of progressive states like Maharashtra.

b. Permit up to 100% of contract demand for RE, an increase from the current limit of 80%.

Facilitate Open Access: Allow open access for Solar, Wind, Hybrid, Co-generation, Waste-to-Energy (W2E), and Bio Energy projects, supported by favourable settlement terms akin to Regulation No. 2 of 2006.
Waive Wheeling Charges: Eliminate wheeling charges for open access sales of RE, making renewable energy more competitive and accessible.
Revise Transmission Charges: Consider levying transmission charges for RE developers on a Rs/unit basis instead of the existing Rs/KWH/month model.
Support for MSMEs: Design targeted incentives to encourage renewable energy adoption among Micro, Small, and Medium Enterprises (MSMEs).
Promote Solar Parks: Facilitate the development of solar parks by government and private entities, prioritizing land allocation as per MNRE Solar Park norms.

Expand PM KUSUM Scheme: Permit solar plants above 2 MW under the PM KUSUM scheme, following the example of states like Rajasthan (10 MW), Maharashtra (10 MW), and Andhra Pradesh (5 MW).

Mr. Suresh Kumar Singhal, President of FTCCI, thanked the government for acknowledging FTCCI’s recommendations and incorporating them into the policy framework.

Vinod Kumar Agarwal, Chair of the Energy Committee, FTCCI, lauded the government’s visionary approach: “This policy will propel Telangana to the forefront of renewable energy generation and consumption. Under the leadership of the Hon’ble Chief Minister, Telangana is poised to set new standards in sustainable energy development.”

The FTCCI remains committed to collaborating with the government and stakeholders to ensure the successful implementation of this landmark policy.

Udaan Youth Club (UYC) is a recognized youth organization under MYBharat, affiliated with NYKS, Ministry of Tourism, Vigyan Prasar, and Youth Welfare Department, Uttar Pradesh. Renowned for leveraging Information and Communication Technology for Development (ICT4D), UYC conducts impactful online awareness campaigns on nationally and internationally significant days. Currently led by Indian social worker Aman Kumar as its President, the club strives to promote Sustainable Development Goals (SDGs) and actively supports the Prime Minister’s vision of Viksit Bharat 2047, aiming to build a prosperous and self-reliant India by its centennial independence anniversary.

About the Hum Bharat Ke Yuva Quiz
The “Hum Bharat Ke Yuva” Online Awareness Quiz is a flagship initiative by Udaan Youth Club (UYC), launched in honor of National Youth Day 2025, celebrated on January 12th to commemorate the birth anniversary of Swami Vivekananda. This quiz is designed to inspire and educate participants about Swami Vivekananda’s teachings, his life, and his vision for youth empowerment while motivating them to actively contribute to shaping the future of India.

As India approaches its 100th year of independence in 2047, the vision of a developed and self-reliant nation has become a focal point for citizens across the country. In line with this national goal, UYC recognizes the pivotal role youth must play in the country’s development. The quiz highlights actionable steps through which young individuals can contribute to realizing Viksit Bharat 2047—a prosperous, self-reliant, and inclusive India.

Aligned with the nation’s aspirations for a developed India, this quiz encourages participants to reflect on their own roles in this transformative journey. It fosters awareness about India’s cultural, spiritual, and intellectual heritage, and empowers youth with insights into the pressing challenges India faces, as well as innovative solutions to tackle them.

This quiz serves as a vital tool to ignite youth participation in nation-building, emphasizing that the younger generation is not just the leaders of tomorrow, but the changemakers of today. By engaging with this quiz, participants can deepen their understanding of Swami Vivekananda’s powerful ideas, draw inspiration for personal and national growth, and become an integral part of the movement toward realizing a Viksit Bharat.

Join the “Hum Bharat Ke Yuva” Quiz today to contribute your ideas, sharpen your knowledge, and be a part of the transformative journey toward a brighter, more developed India by 2047!

Benefits
Full scorers (100/100) will receive a participation certificate.
Institutions with 250+ participants will be honored as Impact Partners.
Individuals bringing 100+ participants will be recognized as Online Volunteers.
Winners will be featured in the “Hum Bharat Ke Yuva” video series and photo collage.

Instructions
1. The quiz is open to all Indian citizens.
2 . The quiz is available in English only.
3.There is no limit on the number of attempts you can make.
4. Each question is multiple-choice and has only one correct option.
5 .There is no negative marking for wrong answers.

January 4th, 2025: FPSB India, the Indian subsidiary of Financial Planning Standards Board Ltd. has announced ‘Psychology in Practice’ course designed to delve into the psychological aspects of client behavior and further empower the financial planning community in the country. Eligibility for the course includes CFP Professionals or students, as well as professionals from other accounting and finance bodies and MBAs. The course has been launched globally and will be delivered in the online mode.

This Continuing Professional Development course explores the pivotal role of psychology and behavioral finance in financial planning. It equips professionals with a deeper understanding of client decision-making and effective communication strategies. By incorporating these insights into their practice, financial planners and professionals can effectively guide clients on their financial journeys, building trust and achieving better results. To learn more about the course visit https://india.fpsb.org/other-professionals-registration/.

Commenting on the launch, Krishan Mishra, CEO of FPSB India, said, “The financial planning profession in India is evolving, and clients today expect more personalized and empathetic advice. The Psychology in Practice course will empower financial planners to deepen client relationships by understanding the psychological factors driving their financial decisions. This is a crucial step in building trust and helping clients achieve their financial goals.”

The Psychology in Practice course, developed by FPSB Ltd., the global standard-setting body for financial planning professionals and the owner of CFP® certification, aligns with its global mission to benefit consumers by establishing, upholding, and promoting worldwide professional standards in financial planning. Offered exclusively in India by FPSB India, it provides an unparalleled opportunity for financial planners and aspiring professionals to stay ahead in their field.

2nd January 2025 Mumbai, Maharashtra, India Edel Assurance, a pioneering provider of extended auto warranty services, is proud to announce its comprehensive and customer-centric warranty plans that revolutionize the way premium vehicle owners manage unexpected repair and maintenance expenses. With its emphasis on offering comprehensive coverage and easy, cashless repairs, Edel Assurance is poised to emerge as the preferred partner for car owners looking for long-term investment value and peace of mind.

Transforming Vehicle Repair Experiences

The days of car owners experiencing excessive stress owing to six-figure repair expenditures are long gone. In addition to the engine and transmission, Edel Assurance provides comprehensive coverage plans. Edel Assurance, a partner dedicated to car performance, safety, and dependability, makes sure that clients only obtain high-quality services from approved dealers. Vehicle owners can save a significant amount of money by selecting Edel Assurance’s extended auto warranty, which provides protection against both major repairs and related labor expenses.

A Comprehensive Warranty That’s More Than a Promise

Edel Assurance’s commitment to its customers goes beyond just providing a warranty; it is a pledge of superior service. The company offers unparalleled benefits such as:

• Claims Settled in Less Than 24 Hours: With a streamlined claims process, Edel Assurance guarantees that vehicle owners can access necessary repairs promptly and efficiently.
• Policy Approval in 24 Hours: Fast and hassle-free policy approval ensures that customers can enjoy peace of mind without delays.
• 24/7 Roadside Assistance: Vehicle breakdowns can be unpredictable and stressful. Edel Assurance provides dedicated round-the-clock roadside assistance available across India. Whether it’s a flat tire or an emergency tow, expert help is just a phone call away.

Tailored Coverage Plans at Competitive Rates

Edel Assurance prides itself on offering some of the highest levels of vehicle coverage at the most competitive rates in the market. By offering a range of policies tailored to each car owner’s particular requirements, Edel Assurance guarantees that clients get the best protection without breaking the bank. The guarantee covers a variety of essential car elements, including powertrain components and cutting-edge safety features, protecting consumers from unforeseen repair costs.

A Consultative Approach to Customer Satisfaction

Edel Assurance is more than just an extended warranty provider; it’s a trusted partner committed to customer confidence. From the moment a vehicle owner requests a quote, the Edel team engages in a consultative approach to help them choose the perfect plan tailored to their requirements. Each step of the process is explained in detail to ensure transparency, trust, and satisfaction.

Experience Quality, Safety, and Reliability with Edel Assurance

“At Edel Assurance, we believe that our customers deserve the best in vehicle protection,” said Sujeet Nair, CEO and Founder of Edel Assurance. “Our comprehensive warranty plans are designed not just to meet, but to exceed customer expectations by providing unparalleled service, coverage, and peace of mind. We are committed to ensuring that premium vehicle ownership is a hassle-free and cost-effective experience.”

Hyderabad, January 04, 2025: APTA KATALYST 2025, the biggest-ever Telugu NRIs Global Business Conference with the theme Connect, Collaborate, Create, kicked off formally at Hitex on Friday night.

The program began with Ganesh Vandana, an opening act and a couple of other performances by Bosco Dance.

Former Minister of AP Botsa Satyanarayana, Mandali Budhaprasad, former Deputy Speaker of AP and others graced the evening.

Botsa Satyanarayana speaking to the audience asked APTA members to give encouragement to budding entrepreneurs and lift them and make them as successful as you are.

Mandali Budhaprasad said seeing business captains together on single dias is a great effort. Everybody present here has a great success story and personality development story.

Dr. Subbu Kota, Honorary Conference Chairman

Speaking on the occasion Dr. Subbu Kota, Honorary Conference Chairman said wealth can be created only because of great ideas and entrepreneurship. There is no other way I found to create wealth. This conference is a great opportunity for Indian and Telugu youth. This conference is going to create a Tsunami of entrepreneurship particularly in rural India.

Ramesh Thumma, the Business Forum Chair said from 100 entrepreneurs APTA Business Forum has grown to 800 entrepreneurs. As a run-up to the APTA KATALYST GLOBAL BUSINESS CONFERENCE, we have conducted over ten business meets, mostly in Hyderabad and others in Vijayawada, Amaravathi and Visakhapatnam and reached out to over 2500 entrepreneurs. These local business meets resulted in business tractions of over INR 400 crore. This has paved the way for the current conference, which we might continue once every two years, he added.

Over 1000 Telugu-origin delegates from over 10 countries such as the USA, Germany, Singapore, Australia and others descend on Hyderabad for a conference. The business sessions will begin on 4th January.

Convenor Sagar Lagisetti said the five key areas of the Global Business Conference, according to APTA are 01. Knowledge Sharing and Mentoring, 02. Networking, 03. Partnerships and Collaborations, 04. Startup Ecosystem and 5. Enable and Grow Businesses. The business conference in the future is expected to generate business transactions worth over five lakh crore.

The meeting has five parallel sessions on different verticals of the business starting on Jan 4, Real Estate Investment in India: Trends; Opportunities and Challenges Opportunities in Renewable Energy: Solar and Alternative Fuels; Pharma Industry Insights: Challenges and Opportunities for Aspiring Entrepreneurs; Valuations, Fundraising, and Exit Strategies for Startup; From Vision to Victory – Taking Your Company Public & Setting up NBFCs; Opportunities in India’s $313 Billion Education Sector by 2030; Empower Your Professional Journey: Must-Have Skills for Women in Business Today; Women in Cinema; India’s Semiconductor Push: Building a Robust Chip Manufacturing Ecosystem; Media Revolution: Transforming media in Digital Era are some of the interesting panel discussions lined up in the three days meet.

Over 100 distinguished speakers and panelists are expected to address 42-plus sessions. Some of the keynote speakers and panelists include Anil Chalamalasetti, Sekhar Puli, Nalli Durga Rao, Dr Bondada Raghavendra Rao, Srini Bayireddy, Bhaskar Gangipamula, Umesh Kunapureddy, Murali Kottu, Swapna Kumar Yenugu, R V Chakrapani, Bhaskar Krishnamsetty, Kumar Vidadala, BV Naidu, Rameshwara Rao Chandana, Dr. Jagadish Babu Rangisetty, Dr. N Venkateswara Rao, Pradeep Vajram, Sanjay Kamatam, Simhadri Venkata Sudhakar, Sudhakar Palisetti, CS Rao, Kavitha Akula, Parvathi Kollipara, Dr. Soujajya Vidadala, Lalitha Byra, Narendra Kumar Nambula, Bobby Allu, Midde Shanthiram, Baldwin Venugopal and several others. They are accomplished entrepreneurs from diverse verticals and spread their businesses across the globe.

The conference’s focus areas include Technology, Green Energy, Education/Medical Education, Tourism and Hospitality, Health, Skill Development, Aquaculture, Agriculture, Global Trading, Manufacturing with a focus on Make in India and Semiconductors, IPOs, Banking, Taxation, Finance, etc.

The Katalyst Business Pitch Competition (KBP) finals will be held during the conference. Over 100 startups registered for the competition, of which 16 were shortlisted for a final pitch during the business conference shared by Hari Gaddam and Kamal Sakamuri, the chairmen of KBP.

The highlight of this competition was the focus on rural entrepreneurship due to which 10 team applied for pitching and four qualified for finals.

The Venture Capitalists, Aroa Ventures, SucSeed and APTA Angels will vet their ideas, and if found investment-worthy, they will invest up to $ 10 million. The first three winners will walk away with 2.5, 1.5 and 1 lakh respectively

The competition was open to both startups and early growth-stage businesses looking for investment to accelerate their growth and scale their operations. The startups competing are in areas such as 1. Emerging Technologies: AI, Machine Learning, Generative AI, FinTech, EdTech, SaaS; 2. Life Sciences: Biotechnology, Pharmaceuticals, Agriculture, Healthcare; 3. Energy & Utilities: Renewable Energy, Sustainable Solutions, Utilities; 4. Lifestyle & Consumer: eCommerce, Retail, Entertainment, Food & Beverages and 5. Open Category: For innovative ideas that don’t fit with in the above segments. The winners of this competition will not only get prize money but will walk away with the funding.

Jan 02, 2025 – Marking their 125th anniversary celebrations, the University of Birmingham is rolling out several special scholarships available to Indian students. One of the most prominent universities in the UK is now accepting applications for their 125th Anniversary Scholarships to promote international education and honor the academic achievements of outstanding students.

The scholarships allow Indian students to obtain funding for a variety of postgraduate taught (PGT) Master’s degrees, ranging from £4,000 to £5,000, for programs beginning in September 2025. The University’s dedication to promoting diversity, developing international talent, and establishing life-changing educational opportunities is demonstrated by this effort.

The University is also marking the installation of its new Chancellor Sandie Okoro OBE with a series of special Chancellor’s Scholarships.

Only the eighth Chancellor since the University was established in 1900, Sandie succeeds Lord Bilimoria of Chelsea CBE and follows in the footsteps of founder the Rt Hon Joseph Chamberlain and former Prime Minister the Rt Hon Anthony Eden, the Earl of Avon.

Scholarships available for Indian Aspirants

Numerous unique scholarship possibilities are available to Indian students, such as:

· 125th Anniversary Scholarships

£4,000 awards for all eligible Indian students enrolling in most postgraduate Master’s programs, excluding MSc Management, MSc International Business, MSc Marketing, or MBA.
£5,000 awards for high-achieving students selected through the India Chancellor’s Scholarship program, applicable to all Master’s programs, including business disciplines.
No cap on the number of £4,000 scholarships; for £5,000 awards, 50 scholarships will be granted based on academic merit.
Deadline: End of May 2025 for formal acceptance of the offer.
· Chancellor’s Scholarships 2025

15 awards of £6,000 each, for postgraduate taught Master’s programs.
Selection is based on academic merit and excellence demonstrated in the application process.
Deadline: End of May 2025.
· MBA Scholarships

Up to £15,000 for outstanding candidates applying for the Purposeful Leader MBA programme.
Additional scholarships up to £10,000 for Responsible Business MBA applicants.
Applications are accepted on an ongoing basis.
· India High Fliers Undergraduate Scholarships- (High Fliers Research 2024 ranks UoB as the most targeted university in the UK by the top employers)

Limited scholarships for Indian students, applicable to undergraduate programmes.
Based on academic merit and nominations from schools or agent partners.
Deadline: End of May 2025.

Kicking off the year-long celebrations with these scholarships, Ms. Sandie Okoro OBE, Chancellor of the University of Birmingham, said, “As part of the University’s milestone celebrations, I am pleased to be a part of this significant occasion. I look forward to marking this momentous year with the staff and students who make the University of Birmingham such a wonderful place. Let’s highlight the university’s enduring commitment to diversity and high standards of education, as well as its enormous global impact.”

Professor Adam Tickell, the University of Birmingham’s Vice-Chancellor, stated, “I am proud to kickstart our 125th anniversary celebrations here in India specifically. I would want to draw attention to the institution’s dedication to globally advancing research and education, which is supported by its tradition of excellence and innovation. The university has always attempted to address global issues and promote a brighter future, and this milestone underscores that goal. We are proud to deepen our ties with India by offering these scholarships. They represent our long-standing commitment to empowering global talent and advancing knowledge to address the challenges of the future.

Applications for these scholarships are now open, with deadlines ranging from May 2025 for specific awards. Indian students are encouraged to explore these opportunities to be part of an institution with a rich legacy of research and academic impact.

02-01-2025: The third edition of the Indian Fashion Fair, titled Bodycare IFF Fashion Expo-2025, is set to take place at the Adlux International Convention Centre, Angamaly, from January 7 to 9. The event will be inaugurated on January 7 at 11:00 AM by Muhammad Riyas, Kerala’s Minister for Public Works Department and Tourism. The Chief Guests will include Roji M. John, MLA, and Beena Kannan, CEO of Seematti Textiles.

With over 200 exhibition stalls and more than 5,000 attendees expected, the expo will bring together leading national and international brands. Touted as Kerala’s biggest B2B fashion event, the expo is co-powered by Blossom, Momzcare, Par Swam, and Banktesh.

“The Bodycare IFF Fashion Expo 2025 is more than an event; it’s a testament to the growing influence of Kerala’s fashion scene. IFF has consistently raised the bar, attracting leading brands and influencers from across the country,” said Sadique PP, Chairman of Indian Fashion Fair.

As part of the event, a fashion show featuring various brands will take place on January 7 at 4:00 PM. Nearly 20 teams, under the leadership of renowned fashion choreographer Shibu Shiva, will elevate the ramp to international standards. The IFF Award Night on January 8 at 5:00 PM will be inaugurated by Hibi Eden MP, and the concluding day, 9th will feature vibrant cultural programs.

“With an expanded focus on men’s, women’s, and children’s fashion, IFF provides exceptional business opportunities, networking platforms, and a glimpse of the latest trends for retailers and fashion enthusiasts alike,” said Sameer Moopan, Convener of Indian Fashion Fair.

At the press conference held at the Ernakulam Press Club, officials from Indian Fashion Fair—including Sadique PP (Chairman), Sameer Moopan (Convener), Shanir J (Vice Chairman), Shanavas PV (Joint Convener), and Shafeek PV (Program Director)—shared insights about the event.

2nd January 2025: UTI Mutual Fund (UTI) announces the launch of the UTI Quant Fund, an active equity fund that combines predictive modeling with UTI’s extensive investment research expertise & investment process. The fund aims to consistently generate alpha over the broad index by dynamically adapting to market conditions and managing volatility. The NFO starts on 2nd January 2025 and closes on 16th January 2025.

The UTI Quant Fund is an open-ended equity scheme that follows a sophisticated quantitative investment strategy. The fund employs a Factor Allocation Model to dynamically assign weights to four key factors—Momentum, Quality, Low Volatility, and Value—with the goal of generating alpha over the benchmark.

This factor model helps manage the volatility often seen in the broader market, aiming for relatively better risk-adjusted returns. Its flexibility across market cycles lends the ability to adjust exposure across factors based on market conditions and adds a layer of adaptability, making it a robust tool for navigating all market environments. The balance of risk and return demonstrated in the back-tested performance of the fund makes it an appealing option for those seeking potentially better returns across varying market conditions*.

*Investors are advised to consult their financial advisor

Commenting on the launch of the fund, Mr. Vetri Subramaniam, Chief Investment Officer, UTI AMC, said, “Our aim is to provide investors with a systematic and research-driven way to navigate market complexities and make more informed investment decisions. This fund uses an ‘integrated investing’ approach combining our investment process Score Alpha with our proprietary Factor Allocation Model. The UTI Multi Asset Allocation fund has adopted this process for management of its equity portfolio from April 2022 and we are happy to now offer this expertise and approach in an equity fund.”

Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies, UTI AMC, added, “The UTI Quant Fund is designed to empower investors with evidence-based strategies, offering flexibility and adaptability that traditional investment approaches may not provide. By leveraging a dynamic fund allocation model, the fund captures opportunities while carefully managing risks. We hope that this balance of risk and return would make the fund an appealing option for those seeking potential returns across varying market conditions”.

Salient Features:

· NFO Period: 2nd January 2025 to 16th January 2025

· Fund Manager: Mr. Sharwan Kumar Goyal, Head – Passive, Arbitrage & Quant Strategies, UTI AMC

· Investment Objective: The scheme shall seek to generate long term capital appreciation by investing in equity and equity related instruments by following a quantitative investment theme. However, there can be no assurance or guarantee that the investment objective of the schemes would be achieved

· Benchmark: BSE 200 TRI

· Minimum Investment: INR 1000 initially, and in multiples of INR 1 thereafter. Additional Purchase: INR 1,000 and in multiples of INR 1

· Plans Available: Regular and Direct Plans, only Growth option available under both plans

· Load Structure: No entry load as per SEBI regulations; exit load is 1% if redeemed/ switched-out within 90 days from the date of allotment; Nil thereafter

Product Label and Riskometer

UTI Quant Fund

(An open-ended equity scheme following a quantitative investment theme)

This product is suitable for investors who are seeking*:

· Long term capital appreciation

· Investments predominantly following a quantitative investment theme