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UTI MF launches UTI - Fixed Term Income Fund -1098 Days

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UTI MF launches UTI - Fixed Term Income Fund
UTI Mutual Fund has launched a new fund named as UTI - Fixed Term Income Fund - Series XII - VIII (1098 Days), a close ended income scheme. The duration of the scheme is 1098 days from the date of allotment and will mature on 7 September 2015.

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.
The scheme offers two options viz. growth and dividend option. Dividend option offers payout and reinvestment facility.

 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

 

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.

Basic Details:

NFO Opens: August 27, 2012
NFO Closes: September 4, 2012
NFO: Rs 10 per unit
Benchmark: CRISIL Short Term Bond Fund Index.
Managers: Manish Joshi and Amandeep Chopra

GoodReturns.in

Read more about: mutual funds uti
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