S&P CNX NIFTY UTI NOTIONAL DEPOSITORY RECIEPTS SCHEME (SUNDER) is a passively managed open-ended exchange traded fund, with the objective to provide investment returns that, before expenses, closely correspond to the performance and yield of the basket of securities underlying the S&P CNX NIFTY Index. SUNDER will have all benefits of index funds such as diversification, low cost and a transparent portfolio and the flexibility of trading like a share. Thus it provides the best features of both open-ended fund and a listed stock.

SUNDER commenced trading on NSE on July 16, 2003.

ISIN code	INF789F01042
NSE symbol	UTISUNDER
Series	EQ
Face value	Rs. 100

For further details you may visit the website www.utimf.com

Highlights

• Face value of each units of SUNDER is Rs.100/-.



• Valuation of each unit of SUNDER will be approximately 1/10th the value of S&P CNX NIFTY.



• SUNDER shares will traded on NSE in compulsory dematerialised form



• Minimum trading lot for SUNDER share in the markets will be 1 unit.



• Creation unit size (10,000 units plus multiples of 2,000 units in case of "Authorised Participants" and 500,000 units plus multiples of 20,000 units for other investors)



• NAV of SUNDER declared on a daily basis.



• Initial expenses of the present scheme will be borne by UTI AMC.