UTI Mutual Fund has announced the NFO UTI - Fixed Term Income Fund - Series XII - I (368 Days), a close ended income scheme. 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.
The NFO opens for subscription on May 29, 2012 and closes on May 31, 2012. No entry and exit load charge is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The duration of the scheme is 368 days from the date of allotment .The minimum application amount is Rs 10000 under dividend option and Rs 5000 under growth option & in multiples of Rs 10.
Source: Accord Fintech
