UTI Mutual Fund launched UTI Short Term Fixed Maturity Plan -Series I-I (90 days). This is a close-ended income scheme with plan tenure of 90 days. The objective of the scheme is to generate regular returns by investing in portfolio of fixed income securities normally maturing in line with the maturity period of the plan. The scheme offers investors growth option and dividend option. The fund will invest 0-90% in debt including securitised debt. The scheme will invest 10-100% in money market instruments. The investment in securitised debt will be up to 100%.
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