UTI MF To Unveil India International Fund

MUMBAI: UTI Mutual Fund (MF) will unveil the UTI India International Fund, an open ended equity scheme and has filed an offer document with SEBI. The units of the scheme will be available at Rs 10 per unit. The scheme (both retail and institutional) offers two options ie growth and dividend options. The objective of the scheme is to achieve long-term capital appreciation by infusing in equities and equity related instruments. Minimum initial investment is Rs 5,000 and in multiples of Rs 1.00 under Regular Plan and Rs 20 million and in multiples of Rs 1 under Institutional Plan thereafter without any upper limit. For retail plan, the exit load of 1% will be levied, if units are redeemed/switched out on or before 180 days from the date of investment.