UTI Mutual Fund (MF) has launched a
new fund named as UTI Fixed Term Income Fund - Series XX - XV (1102 Days), a
close ended income scheme. The duration of the scheme is 1102 days from the
date of allotment.
The New Fund Offer (NFO) price for the
scheme is Rs 10 per unit. The new issue will be open for subscription from 08
December to 11 December 2014.
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 growth option,
quarterly dividend option with payout and reinvestment facility, flexi dividend
option with payout and reinvestment facility, annual dividend option with
payout and reinvestment facility and maturity dividend option with payout
facility.
The scheme would allocate 80% to 100%
of assets in debt instruments with low to medium risk profile and invest upto
20% of assets would be allocated to money market instruments with low risk
profile.
The minimum application amount is Rs.
5000
.
Entry and exit load charge will be nil
for the scheme.
Benchmark Index for the scheme is
CRISIL Composite Bond Fund Index.
Mr. Manish Joshi is the fund manager
for the scheme.
.
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