UTI Mutual Fund launches UTI- Capital Protection Oriented Scheme Series IV-1 (1103 days)
UTI Mutual Fund (UTI) has launched a closed ended scheme called UTI- Capital Protection Oriented Scheme Series IV-1 (1103 days), said a company press release. The New Fund Offer has opened on July 7, 2014 and closes on July 21, 2014.
The scheme aims to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as secondary objective.
In the press release, Suraj Kaeley, Group President-Sales & Marketing, UTI AMC said, “The scheme aims to provide capital protection by investing in AAA rated fixed income instruments and seeks to provide capital appreciation by investing in equity.The scheme is suitable for those investors who want to earn the current interest rate over the tenure of the scheme without taking any interest rate risk.”
The scheme would be benchmarked against CRISIL MIP Blended Index. Sunil Patil is the fund manager of the scheme.
