UTI MF will introduce UTI STRIP (Systematic Transfer Investment Plan) Advantage under the retail plan of the following schemes with effect from June 2, 2009. Under the UTI STRIP- Advantage, the investor systematically transfers his investments from the source schemes to any of the target schemes (eligible equity schemes).
The investor may give 5 mutually exclusive entry triggers at which the switchover will be executed to one of the equity schemes (target scheme) from liquid scheme (source scheme), with corresponding stop loss triggers and profit triggers.
There will be switchover from the equity scheme to liquid scheme (source scheme), when the stop loss triggers or profit trigger gets activated.
Each trigger is executable only once. Also, in case of more than one entry trigger get fired, the higher of the two will be considered with corresponding stop loss and profit triggers.
The source Schemes are UTI - Money Market Fund - growth option and UTI - Liquid Cash Plan (regular plan) - growth option.
The investor may give 5 mutually exclusive entry triggers at which the switchover will be executed to one of the equity schemes (target scheme) from liquid scheme (source scheme), with corresponding stop loss triggers and profit triggers.
There will be switchover from the equity scheme to liquid scheme (source scheme), when the stop loss triggers or profit trigger gets activated.
Each trigger is executable only once. Also, in case of more than one entry trigger get fired, the higher of the two will be considered with corresponding stop loss and profit triggers.
The source Schemes are UTI - Money Market Fund - growth option and UTI - Liquid Cash Plan (regular plan) - growth option.
No comments:
Post a Comment