UTI MF introduces UTI - Fixed Term Income Fund - Series X - VII
Time - 03/02/2012 : 12:44
UTI Mutual Fund has launched the New Fund Offer (NFO) UTI - Fixed Term Income Fund - Series X - VII (368 Days), a close ended income scheme.
The NFO opens for subscription on February 3, 2012 and closes on February 9, 2012. No entry and exit load charges is applicable for the scheme. The scheme offers dividend payout and growth option. The duration of the scheme is 368 days from the date of allotment of units.
The scheme will be benchmark against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 10000 under dividend option and Rs 5000 under growth option & in multiples of Rs 10.
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.
