The NFO opens on October 25, 2012 and closes on November 8, 2012.
UTI Mutual Fund (UTI) today announced the launch of its open-ended income scheme “UTI Credit Opportunities Fund”. The NFO opens on October 25, 2012 and closes on November 8, 2012 and re-opens from November 26, 2012 onwards.
The scheme aims to generate reasonable income and capital appreciation by investing in debt and money market instruments across different maturities and credit ratings. The scheme will invest a minimum of 35% in debt securities and a maximum of 65% in money market instruments.
“Uncertain times call for smart investment strategies. This uncertainty has brought with it a set of opportunities like capitalisation on changing market conditions like change in credit outlook of company/sector and upgrade/downgrade revision of rating of securities. UTI Credit Opportunities Fund endeavours to identify and capitalize on these opportunities by investing in securities across the credit spectrum. UTI’s in-house research team will help in identifying these opportunities in the fixed income markets,” said Amandeep Chopra, Head- Fixed Income and Fund Manager of the scheme.
“UTI Credit Opportunities Fund will over a period of time have a diversified portfolio spread across risk/reward curve. The scheme will focus on investing in mispriced credit with modest credit quality. A large part of the portfolio will be invested in high rated issuers in short and long term. The scheme would be relatively aggressive on credit but low to medium on interest rate sensitivity. “Amandeep added
The minimum application amount is Rs 5000. The fund will charge an exit load of 1.25% if redeemed before one year and 0.75% if redeemed after one year and before 548 days.
