UTI Mutual Fund launched UTI Smart Woman Savings Plan, a new scheme that would cater exclusively to women investors, on the International Women's day. Women above 18 years can invest in the new scheme that is an open-ended debt-oriented hybrid scheme. The scheme will invest a minimum of 70 per cent in debt and the rest will go in equity.
According to the scheme's information document, the investment objective of the scheme is to invest in a portfolio of equity/equity related securities and debt and money market instruments. The debt portfolio brings in a stability factor while equity provides a scope for growth.
