0.50% exit load to apply on redemptions within 3 days
Mumbai: UTI Mutual Fund has introduced exit load in UTI Money Market Fund on prospective basis, with effect from October 24, 2011.
The fund house will charge 0.50 per cent exit load if units are redeemed within 3 days from the date of allotment. The scheme currently does not charge any exit load.
UTI Money Market Fund is an open ended liquid scheme with an investment objective to provide highest possible current income consistent with preservation of capital and providing liquidity from investing in a diversified portfolio of short term money market securities.
