UTI Mutual Fund has collected Rs 350 crores via UTI Fixed Term Income Fund- Series IV Plan VI-March 08- 15 Months during their initial offer period from 19 March to 28 March 2008. It is a close-ended income scheme with plan tenure of 15 months.
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. For the purpose of achieving the investment objective, the scheme will invest in a portfolio of debt and money market securities normally maturing in line with the maturity profile of the scheme.
The scheme offers two options i.e. growth and dividend. 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.
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. For the purpose of achieving the investment objective, the scheme will invest in a portfolio of debt and money market securities normally maturing in line with the maturity profile of the scheme.
The scheme offers two options i.e. growth and dividend. 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.
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