UTI MF Charges An Exit Load Of 1% Under Short Term Income - Sep 11, 2008

UTI mutual fund has decided to charge an exit load for UTI- Short Term Income Fund. Accordingly, the Fund will charge 1% exit load for all investments made on or after 11 September 2008 under both the options of regular and institutional, if the redemption is done on or before 90 days from the date of acceptance. Before the revision, the scheme asks load of 0.75% if investment get switched out on or before 15 days from date of acceptance. It is an open-ended income scheme seeks to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high quality debt