UTI MF Unveils 368 Days Fund

Published: Monday, January 16, 2012, 14:36 [IST]

UTI Mutual Fund has unveiled a new fund named as UTI - Fixed Term Income Fund - Series X - VI (368 Days), a close ended income scheme with the duration 368 days. The New Fund Offer (NFO) price for the schemes is Rs 10 per uni

Investment Objective:
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.

Allocation of funds:
The scheme will allocate upto 100% of assets in debt including securitized debt with low to medium risk profile. The scheme may invest upto 100% of assets in money market instruments with low risk profile. The scheme may invest upto 50% of its debt portfolio in securitized debt. The scheme will invest only in a portfolio of fixed income securities that mature on or before the date of maturity of the scheme.

Basic Details:
NFO Opens: January 16, 2012
NFO Closes: January 19, 2012
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Under dividend option is Rs 10000 and Rs 5000 under growth option & in multiples of Rs 10.
Exit Load: Nil
Benchmark: Crisil Short Term Bond Fund Index

GoodReturns.in

Story first published: Monday, January 16, 2012, 14:36 [IST]

Other articles published on Jan 16, 2012