UTI MF Launches Short Term FMP - Sep 13, 2008

UTI Mutual fund has unveiled UTI Short Term Fixed Maturity Plan -Series I-IX (90 days) on 12 September 2008. The new fund offer period will remain open for fresh subscription till 18 September 2008. The new offer price of units is Rs 10 per unit. This is a close-ended income scheme with plan tenure of 90 days with an investment objective 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 retail and institutional plan with growth and dividend options. The minimum application amount for retail option under dividend sub option is Rs 10,000 and under growth sub option is Rs 5,000 and in multiples of Re 1 thereafter. The minimum subscription amount under institutional option is Rs 1 crore and in multiples of Re 1 thereafter