UTI Mutual Fund launches UTI Fixed Term Income Fund Series XXIII XII

Mutual Fund
Jan 1, 2016 by Advisorkhoj Team | Mutual Fund | 3 Downloaded

NFO period: 28th December 2015 – 11th January 2016

Highlights of the NFO:

  • Scheme type – A Close-ended Income Scheme

  • Investment objective – The scheme aims to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme. However, the scheme does not guarantee / indicate any return. There is no assurance that the funds objective will be achieved.

  • Product suitability – The product is suitable for investors who are seeking regular income for fixed term by investing in Debt/Money Market Instrument/Govt. Securities.

  • Minimum Application Amount – First investment Rs. 5,000/- and multiples of Rs. 10/- thereafter.

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option, Quarterly Dividend Option with Payout facility, Flexi Dividend Option with Payout facility, Annual Dividend Option with Payout facility and Maturity Dividend Option with Payout facility.

  • Fund Managers – Shri Sunil Patil

  • Benchmark – CRISIL Composite Bond Fund Index is the benchmark for the Scheme

( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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