UTI Mutual Fund launched UTI Fixed Term Income Fund- Series V-I (13 Months). It is a close-ended income scheme with plan tenure of 12-24 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.
The scheme offers two options i.e. growth and dividend. The scheme will have investment up to 0-95% in money market instruments. It will invest 5-100% in debt including securitised debt.
The plan may invest up to 100% of its debt portfolio in securitised debt.
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.
The scheme offers two options i.e. growth and dividend. The scheme will have investment up to 0-95% in money market instruments. It will invest 5-100% in debt including securitised debt.
The plan may invest up to 100% of its debt portfolio in securitised debt.
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