UTI Mutual Fund has launched a new fund named as UTI - Fixed Term Income Fund - Series XII - V (367 Days), a close ended income scheme. The duration of the scheme is 367 days from the date of allotment and will mature on 11 July 2013.
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.
The scheme offers two options viz. growth and dividend option. Dividend option offers payout and reinvestment facility.
Allocation of Funds:
The scheme will allocate upto 100% of assets in debt including securitized debt with low to medium risk profile, upto 100% of assets would be allocated to money market instruments with low risk profile. The scheme may invest upto 50% of its debt portion in securitized debt.
The minimum application amount is Rs 10000 under dividend option and Rs 5000 under growth option & in multiples of Rs 10.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
NFO Opens: July 3, 2012
NFO Closes: July 6, 2012
NFO: Rs 10 per unit
Benchmark: Crisil Short Term Bond Fund Index
Manager: Manish Joshi and Amandeep Chopra