UTI MF Unveils New Fixed Income Interval Fund

UTI Mutual Fund has rolled out a scheme called UTI Fixed Income Interval Annual Series II. It is debt oriented interval scheme with income-oriented portfolio consisting of government securities and other fixed income/ debt securities. The scheme aims to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the time profile.

The fund will invest up to 0%-90% in money market instruments and 10%-100% in government securities issued by central &/or state govt. & other fixed income/debt securities including but not limited to corporate bonds and securitised debt. However, debt securities will also include securitised debt, which may go up to 100% of the portfolio.