UTI mutual fund has decided to discontinue sales and switch in facilities under the UTI SPrEAD Fund with effect from 11 June 2009. Redemption under the scheme will continue as per the terms of the scheme information document.
The scheme is an open ended equity fund investing in a mix of equity, equity derivatives, debt and money market instruments. The investment objective of the Fund is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price difference between cash and derivative market by investing predominantly in equity and equity related securities, derivatives and the balance option in debt securities.
The scheme is an open ended equity fund investing in a mix of equity, equity derivatives, debt and money market instruments. The investment objective of the Fund is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price difference between cash and derivative market by investing predominantly in equity and equity related securities, derivatives and the balance option in debt securities.
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