UTI Mutual Fund has launched a new Closed Ended Growth scheme named UTI Fixed Term Income Fund Series XXXI - Plan X with maturity period of 1179 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Mar 15 to Mar 26, 2019.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Sunil Patil, while the performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index.
The scheme aims to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.