UTI
Mutual Fund (MF) has launched a new fund named as UTI MF Capital Protection
Oriented Scheme - Series VI - I (1098 Days) UTI MF Capital Protection Oriented
Scheme - Series VI - I (1098 Days), a close ended capital protection oriented
income scheme. The duration of the scheme is 1098 days from the date of
allotment.
The
New Fund Offer (NFO) price for the scheme is Rs. 10 per unit.
The
NFO will be open for subscription from 10 August to 24 August 2015.
The
investment objective of the scheme is to endeavor to protect the capital by
investing in high quality fixed income securities as the primary objective and
generate capital appreciation by investing in equity & equity related
instruments as secondary objective.
The
scheme offers growth and dividend (payout) options under both regular sub -
plan & direct sub - plan.
The
scheme shall invest 70 to 100% of assets in debt and money market instruments
with low to medium risk profile and up to 30% in equity and equity related
instruments with medium to high risk profile.
Minimum
application amount is Rs. 5,000.
Entry
& exit load charge will be not applicable for the scheme.
Benchmark
Index for the scheme is CRISIL MIP Blended Index.
The
fund managers of the scheme are Sunil Patil and Srivatsa.
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