Important dates for the two FMPs are:
UTI - Fixed Term Income Fund - Series X - III (370 Days): The NFO opens on July 20, 2011 and closes on July 26, 2011. It will mature on July 30, 2012.
UTI - Fixed Term Income Fund - Series X - IV (369 Days): The NFO opens on July 20, 2011 and closes on July 20, 2011. It will mature on July 23, 2012.
The investments will be made in a portfolio of fixed income securities. Complying with the guidelines set by the SEBI the schemes will invest only in such securities which mature on or before the date of maturity of the schemes.
The schemes will allocate 5% to 100% of assets in debt including securitized debt with low to medium risk profile. The schemes may invest up to 50% of its debt portfolio in securitized debt. It would further allocate up to 95% of assets in money market instruments with low risk profile.
Manish Joshi and Amandeep Chopra are the Fund Managers for the schemes and Kausik Basu is the Fund Manager for investment in ADRs, GDRs and Foreign Securities.
The minimum application amount is Rs 10000 under dividend option and Rs 5000 under growth option and after that additional investment can be made of Rs 10.
The investors will be provided with the two options: Growth and Dividend. Dividend option offers payout and reinvestment facility.
Entry and exit load charge will be nil for the schemes.
Benchmark Index for the schemes is CRISIL Short Term Bond Fund Index.