UTI Mutual Fund has made a decision to merge the UTI Index Select Fund into UTI Mastergrowth Unit scheme. An option is hereby given to the unit holders of the above schemes to redeem their units at the prevalent NAV without any exit load during April 21, 2009 to May 20, 2009 (both days inclusive). No action is required if the unit holder is agreeable to continue in the merged scheme. And the book closure period is from May 21, 2009 to May 25, 2009. The change in Fundamental Attributes of UTI- Mastergrowth Unit Scheme:
UTI Mutual fund has announced the change in fundamental attributes of UTI- Mastergrowth Unit Scheme, with effect from May 20, 2009. The name of the scheme will be changed and will be named as UTI Top 100 Fund.
The Fundamental Attributes are: The objective of the fund aims is to provide long term capital appreciation/dividend distribution by investing predominantly in equity and equity related instruments.
The scheme will invest upto 65%-100% in equity and equity related instruments of top 100 stocks by market capitalization while upto 35% in other equity or equity related instruments. Moreover, the scheme also invests upto 35% in debt and money market instruments including securitised debt.
UTI Mutual fund has announced the change in fundamental attributes of UTI- Mastergrowth Unit Scheme, with effect from May 20, 2009. The name of the scheme will be changed and will be named as UTI Top 100 Fund.
The Fundamental Attributes are: The objective of the fund aims is to provide long term capital appreciation/dividend distribution by investing predominantly in equity and equity related instruments.
The scheme will invest upto 65%-100% in equity and equity related instruments of top 100 stocks by market capitalization while upto 35% in other equity or equity related instruments. Moreover, the scheme also invests upto 35% in debt and money market instruments including securitised debt.
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