UTI Mutual Fund launches UTI Fixed Term Income Fund Series XXIV V: 1132 days

Mutual Fund
Mar 3, 2016 by Advisorkhoj Team | Mutual Fund | 2 Downloaded

NFO period: 01st March – 09th March 2016

Highlights of the NFO:

  • Scheme type – A Close-ended Income Scheme.

  • Investment objective – 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. 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 is Rs. 5,000/- and in multiples of Rs. 10/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan. Both the plan offer the following Options.

    • Growth Option

    • Quarterly Dividend Option with Payout facility

    • Flexi Dividend Option with Payout facility

    • Annual Dividend Option with Payout facility

    • Maturity Dividend Option with Payout facility

  • Fund Managers – Shri Sunil Patil

  • Benchmark – CRISIL Composite Bond Fund Index

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