UTI Capital Protection Oriented Scheme - Series VIII – II
UTI Mutual Fund has
launched a new fund named as UTI Capital Protection Oriented Scheme - Series
VIII - II (1831 Days), a close ended capital protection oriented income scheme.
The duration of the
scheme is 1831 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 6 September to 20 September 2016.
The investment objective
of the scheme is to endeavor to protect the capital by investing in high
quality fixed income securities as the primary objective and generate capital
appreciation by investing in equity and equity related instruments as secondary
objective.
The scheme offers growth
and dividend (payout) options under both regular sub plan and direct sub plan.
The scheme shall invest
70 to 100% of assets in debt & money market instruments with low to medium
risk profile and up to 30% in equity & equity related instruments with
medium to high risk profile.
Minimum application
amount is Rs. 5,000.
The fund seeks to
collect a minimum subscription (minimum target) amount of Rs. 20 crore under
the scheme during the NFO period.
Entry and exit load
charge will be not applicable for the scheme.
Benchmark Index for the
scheme is CRISIL MIP Blended Index.
The fund managers of the
scheme are Sunil Patil and Srivatsa.
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