Wednesday, March 19, 2008

UTI MF Launches Another FTI Series

Name of Fund: UTI Fixed Term Income Fund- Series IV Plan VI-March 08- 15 Months

Scheme: It is a close-ended income scheme with plan tenure of 15 months.

Objective: The objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the plan.

Asset Allocation: The fund will invest 30%-100% in debt including securitised debt. It will have an investment of 0-70% in money market instruments. The plan invests up to 100% of its debt portfolio in securitised debt.

Fund Opens: 19 March 2008

Fund Closes: 28 March 2008

Face Value: Rs 10

Investment Options: The scheme offers two options i.e. growth and dividend.

Entry Load: There will no entry load charged for the scheme due to its close-ended structure.

Exit Load: The scheme charges an exit load of 3.00%, if the investment is redeemed before the maturity period. Whereas there will be no exit load charged on the redemption made on or after the maturity period.

Fund manager: Mr. Amandeep Chopra

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