Sep 14, 2008

UTI MF launches Short Term FMP UTI Mutual Fund has unveiled UTI Short Term Fixed Maturity Plan -Series I-VII (93 days)

04 Sep 2008 | 09:53




UTI MF launches Short Term FMP


UTI Mutual Fund has unveiled UTI Short Term Fixed Maturity Plan -Series
I-VII (93 days) on 4 September 2008. The new fund offer (NFO) period
will remain open for fresh subscription till 8 September 2008. The new
offer price of units is Rs 10 per unit.

This
is a close-ended income scheme with plan tenure of 93 days with an
investment objective to generate regular returns by investing in
portfolio of fixed income securities normally maturing in line with the
maturity period of the plan.

The scheme offers investors growth and dividend options.

The
scheme will have investment up to 90% in debt including securitised
debt and 10-100% in money market instruments. The plan may invest up to
100% of its debt portfolio in securitised debt.

As the scheme is
of close-ended nature, it is not applicable to entry load. The fund
will ask 1% as an exit load for redemption before maturity.



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