UTI Mutual Fund has collected Rs 83 crore via UTI Fixed Term Income Fund- Series V-VIII during their initial offer period from 31 October to 6 November 2008. It is a close-ended income scheme with plan tenure of 13 months. The scheme will mature on 7 December 2009.
The scheme aims 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 retail, institutional and super institutional plan with growth and dividend options.
The fund will ask 3% as an exit load for redemption on or before 367 days from the date of allotment. No exit load will be levied if the investment is redeemed after 367 days from the date of allotment.The scheme will invest up to 5-100% in debt including securitised debt and 0-95% in money market instruments. The scheme may endow up to 100% in the securitised debt.
The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The fund manager for the scheme is Amandeep Chopra.
The scheme aims 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 retail, institutional and super institutional plan with growth and dividend options.
The fund will ask 3% as an exit load for redemption on or before 367 days from the date of allotment. No exit load will be levied if the investment is redeemed after 367 days from the date of allotment.The scheme will invest up to 5-100% in debt including securitised debt and 0-95% in money market instruments. The scheme may endow up to 100% in the securitised debt.
The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The fund manager for the scheme is Amandeep Chopra.
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