UTI MF launches “UTI Capital Protection Oriented Scheme - Series V - I (1163
Days)”; NFO to close on Jan 23
19/01/2015 12:36
UTI Mutual Fund has launched a new close ended capital protection oriented income fund scheme named “UTI Capital Protection Oriented Scheme - Series V - I (1163 Days)” with maturity period of 1163 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on January 12 and will close on January 23.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend Payout option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Sunil Patil and V. Srivatsa will be the fund manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to protect capital will be met by investing in a portfolio of debt & money market instruments and equity & equity related instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt & money market instruments and 0 to 30 per cent of asset in equity & equity related instruments.
19/01/2015 12:36
UTI Mutual Fund has launched a new close ended capital protection oriented income fund scheme named “UTI Capital Protection Oriented Scheme - Series V - I (1163 Days)” with maturity period of 1163 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on January 12 and will close on January 23.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend Payout option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Sunil Patil and V. Srivatsa will be the fund manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to protect capital will be met by investing in a portfolio of debt & money market instruments and equity & equity related instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt & money market instruments and 0 to 30 per cent of asset in equity & equity related instruments.
