UTI Mutual Fund (UTI) launches an open-ended scheme replicating/tracking the S&P BSE Sensex Total Return Index (TRI) – ‘UTI Sensex Index Fund’. The New Fund Offer opens on January 19, 2022 and closes on January 24, 2022. The scheme will re-open for subscription and redemption on ongoing basis from February 01, 2022.The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
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Mahindra’s Truck and Bus Division (MTB), a part of the Mahindra Group, today announced their unique and disruptive customer value proposition “Get More Mileage or Give Truck Back” Guarantee for their entire BS6 range of BLAZO X Heavy, FURIO Intermediate, and Light Commercial trucks including FURIO7 and JAYO. The new range features the proven 7.2L mPower Engine (HCVs) and mDi Tech Engine (ILCV) with FuelSmart Technology, Mild EGR with proven Bosch After Treatment System that leads to lower Ad Blue Consumption and many other technological advancements, besides the cutting-edge iMAXX Telematics solution, all of which together, ensure guaranteed higher mileage. Given the fact that fuel is a major component of a transporters’ operating cost (over 60%), Mahindra BS6 truck range, with this competitive advantage will provide them an edge, complete peace of mind and scale up their transport business, delivering higher prosperity. Veejay Nakra, Chief Executive Officer, Automotive Sector, Mahindra & Mahindra Limited, said, “The ‘Get More Mileage or Give Back Truck’ Guarantee across the range of trucks is a landmark move for the light, intermediate and heavy commercial vehicle industry. Given the spiraling fuel prices, there wasn’t a better time to introduce this Customer Value Proposition. I firmly believe that it will reaffirm our customers’ faith in Mahindra’s ability to create technologically advanced, class-leading products and set higher standards for the Indian CV industry, while reflecting our commitment to the segment.”
