UTI Mutual Fund has filed an offer document for UTI Infrastructure Advantage Fund Series I. It is a close-ended equity fund. The new fund offering (NFO) for the scheme is Rs. 10. The duration of scheme is 3 years from the date of allotment. The fund house seeks to collect a minimum corpus of Rs. 1 crore for the scheme.
The minimum initial investment under scheme is Rs 5,000 and in multiple of Re 1 thereafter. The scheme offers investors a growth option and a dividend option. The dividend option offers dividend payout facility only.
The investment objective of the scheme is to provide income distribution and / or medium to long-term capital appreciation by investing predominantly in equity / equity related instruments in the companies engaged either directly or indirectly in the infrastructure growth of the Indian economy.
The scheme does not charge any entry as well as exit load for the scheme.
The fund will invest 65%-100% in equity & equity related instruments of companies engaged either directly or indirectly in the infrastructure sector and 0-35% in debt and money market instruments including securitised debt. The scheme may invest upto 100% of its portfolio in securitised debt.
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