UTI Mutual Fund filed offer document with Sebi to launch UTI Short Term Fixed Maturity Plan - Series I. It's a close-ended income scheme. The scheme aims to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the plan. The scheme offers regular plan and institutional plan, which further offers growth option and dividend option. The dividend option offers dividend payout and dividend re-investment facilities. The scheme will invest 10%-100% in money market instruments. It will invest up to 90% in government securities issued by central &/or state govt. & other fixed income/debt securities including but not limited corporate bonds and securitised debt.
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