UTI Mutual Fund has announced the New Fund Offer (NFO) UTI - Fixed Term Income Fund - Series XI - IX (368 Days), a close ended income scheme.
The NFO opens for subscription on April 20, 2012 and closes on April 26, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 368 days from the date of allotment and will mature on April 29, 2013. 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 multiple 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.
