UTI MF introduces Fixed Term Income Fund - Series XI - X
UTI Mutual Fund has launched the NFO UTI - Fixed Term Income Fund - Series XI - X (366 Days), a close ended income scheme.
The NFO opens for subscription on May 16, 2012 and closes on May 21, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 366 days from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 10000 under dividend option and Rs 5000 under growth option & in multiples of Rs 10.
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
