1145-day maturity period scheme launched by UTI
MF
16/02/2015 12:09
UTI Mutual Fund has launched a new close ended hybrid scheme named “UTI Dual Advantage Fixed Term Fund Series I - II (1145 Days)” with maturity period of 1145 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 February 3 and it will close today.
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 Fund Index. Sunil Patil and V Srivasta will be the fund managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and reduce interest rate volatility will be met by investing in a portfolio of debt instruments, money market instruments and equity & equity related instruments. Hence, the scheme will allocate 65 to 95 per cent of asset in debt instruments, 0 to 30 per cent of asset in money market instruments and 5 to 35 per cent of asset in equity & equity related instruments.
16/02/2015 12:09
UTI Mutual Fund has launched a new close ended hybrid scheme named “UTI Dual Advantage Fixed Term Fund Series I - II (1145 Days)” with maturity period of 1145 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 February 3 and it will close today.
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 Fund Index. Sunil Patil and V Srivasta will be the fund managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and reduce interest rate volatility will be met by investing in a portfolio of debt instruments, money market instruments and equity & equity related instruments. Hence, the scheme will allocate 65 to 95 per cent of asset in debt instruments, 0 to 30 per cent of asset in money market instruments and 5 to 35 per cent of asset in equity & equity related instruments.
