UTI Mutual Fund has revised the load structure of UTI Bond Fund, an open-ended pure debt fund with effect from 24 December 2008. As per the revision, For investment amount less than or equal to Rs 1 crore, the fund will levy exit load of 0.75% if exited on or before 365 days from the date of acceptance.
Earlier, for investment amount less than Rs 10 lakh, the fund had charged 0.50% exit load if exited on or before 180 days from the date of investment. While, for investment amount greater than Rs 1 crore, no exit load was applicable. Earlier it was earlier for investment greater than or equal to Rs 10 lakh.
The UTI Bond Fund does not charge an entry load. UTI Bond Fund launched May 1998 with an investment objective to provide regular savings facility, easy liquidity, and attractive post-tax returns through capital gains. The entire investment of the fund is in debt and money market instruments with low to medium risk profile.
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