UTI Mutual Fund has launched UTI Fixed Income Interval Fund - Series II - Quarterly Interval Plan VII on 26 September 2008. The new issue will be open for subscription till 06 October 2008. The New Fund Offer (NFO) price for the fund is Rs 10 per unit.It is an interval scheme.
The scheme offers two plans viz. retail and institutional plan with growth and dividend options. Dividend option further offers dividend payout and reinvestments facility. The minimum application amount under retail plan will be Rs 10, 000 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 and in multiples of Re 1 thereafter.
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