UTI Mutual Fund unveils UTI Credit Opportunities Fund

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UTI MF unveils UTI Credit Opportunities Fund
UTI Mutual Fund unveils UTI Credit Opportunities Fund, a new open-ended debt scheme 'UTI- Credit Opportunities Fund'.

The objective of the scheme is to generate reasonable income and capital appreciation by investing in debt & money market instruments across different maturities and credit ratings. There is no assurance that the investment objective of the scheme will be achieved.

The new fund will open for subscription on October 25 and will close on November 8. The fund will target retail investors, high net-worth individuals and corporates.

Minimum subscription amount will be Rs 5000. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit

Entry Load is nil for the scheme. Exit Load rates are: a) < or = 365 days @ 1.25%. b) > 365 days and < or = 548 days @ 0.75% c) greater than 548 days will be nil.

For more details visit www.utimf.com


Read more about: mutual funds, uti
Story first published: Thursday, October 25, 2012, 12:38 [IST]
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