UTI Nifty 50 ETF splits its face value. Will it affect you?

The face value of an UTI Nifty 50 ETF unit will change from Rs 10 to Re 1 from September 25, 2023. Impact on existing investments Although the change means that the NAV of the fund would be adjusted to about one-tenth of the current value, the units held by investors will increase proportionately. So, the value of your investments would remain unchanged. In short, your investments won't be impacted. The only difference would be the increase in the number of