UTI Mutual Fund launched UTI Fixed Income Interval Fund-Series II-Quarterly Interval Plan V. It is an interval scheme. 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 plans viz. retail and institutional plan with growth and dividend options. The minimum application amount under retail plan will be Rs 10000 for dividend and for growth sub option and in multiples of Re 1 thereafter. For the institutional plan, the minimum investment amount is Rs 1 crore in multiples of Re 1 thereafter. Asset allocation:
The scheme will have investment up to 10-100% in money market instruments. It will invest 0-90% in government securities issued by Central and or State government and other fixed income / debt securities including but not limited to corporate bonds and securitised debt. Debt securities will also include securitised debt, which may go up to 100% of the portfolio.
The scheme offers two plans viz. retail and institutional plan with growth and dividend options. The minimum application amount under retail plan will be Rs 10000 for dividend and for growth sub option and in multiples of Re 1 thereafter. For the institutional plan, the minimum investment amount is Rs 1 crore in multiples of Re 1 thereafter. Asset allocation:
The scheme will have investment up to 10-100% in money market instruments. It will invest 0-90% in government securities issued by Central and or State government and other fixed income / debt securities including but not limited to corporate bonds and securitised debt. Debt securities will also include securitised debt, which may go up to 100% of the portfolio.
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