UTI MF Launches New Fixed Term Income Fund

UTI MF launches new fixed term income fund called UTI Fixed Term Income Fund- Series III-Plan 20 The scheme aims to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the plan. The fund will invest 30%- 100% in debt securities including securitised debt. The investment in securitised debt can be up to 100% of the net asset of the scheme. It will also investment 0%-70% in money market instruments.