CHENNAI: UTI Mutual Fund has announced the launch of a new equity oriented scheme "UTI-Leadership Equity Fund" which closes on January 30. The scheme will re-open for continuous purchase and redemption from February 28 onwards. The scheme will invest in equity and equity related instruments `leaders' to the extent of 65-100 per cent and `potential leaders' to the extent of 0-35 per cent. The scheme may also invest in debt and money market instruments to the extent of 0-10 per cent, according to a release.