Mumbai: UTI Asset Management Co Pvt Ltd said on Monday it has launched a 60-month close-end fund that would mainly invest in fixed income securities.
UTI-Investment Bond Fund-Plan-1, open for subscription till December 31, would invest at least 70 per cent of the assets in debt and money market instruments and the rest in equities, the fund house said in a statement.
The firm managed assets worth about Rs 51800 crore at the end of October, data from the Association of Mutual Funds in India showed.
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