UTI Mutual Fund launched the new fund offer (NFO) of UTI Nifty 500 Value 50 Index Fund on April 26, 2023. The fund will track the Nifty 500 Value 50 Total Return Index and seek to generate returns in line with the index. The NFO will end on May 8, 2023. The minimum investment amount is Rs 5,000, followed by multiples of Rs 1.