UTI Mutual fund has announced the change in Systematic Investment Plan (SIP) provision under UTI Treasury Advantage Fund, with effect from 29 May 2009. Hereafter, investors would be permitted to start an SIP account only under the growth plan.
The minimum amount of each investment for SIP is Rs 2500 for monthly option and Rs 7500 for quarterly option and in multiples of Re 1 thereafter. The load applicable under SIP is the same as that of for regular investments for the plan.
The existing SIP accounts under all plans other than growth plan of UTI Treasury Advantage Fund will continue till the tenure of present mandate for SIP is over.
The minimum amount of each investment for SIP is Rs 2500 for monthly option and Rs 7500 for quarterly option and in multiples of Re 1 thereafter. The load applicable under SIP is the same as that of for regular investments for the plan.
The existing SIP accounts under all plans other than growth plan of UTI Treasury Advantage Fund will continue till the tenure of present mandate for SIP is over.
No comments:
Post a Comment