UTI Mutual Fund today announced the launch of UTI Fixed Income Interval Fund – Series III – Annual Interval Plan V of a new debt oriented interval scheme.
The NFO opens for subscription on March 16 and closes on March 19.
There will be two plans namely Regular Plan and Direct Plan. Each Plan offers the following Options:
a) Growth Option with Growth Appreciation Payout facility
b) Quarterly Dividend Option with Payout and Reinvestment facility
c) Flexi Dividend Option with only Payout and Reinvestment facility and
d) Annual Dividend Option with only Payout and Reinvestment facility
Sunil Patil is the fund manager of the scheme. The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the scheme. The scheme will invest in a distinct portfolio of securities. However, the scheme does not guarantee/indicate any returns.
