BMA Wealth
Download Mobile Trading App
UTI Fixed Term Income Fund - Series XXIX - VIII (1127 Days) Floats On
(10:38, 13 Jun 2018)
UTI Mutual Fund has launched a new fund named as UTI Fixed Term Income Fund - Series XXIX - VIII (1127 Days), a close ended income scheme. The duration of the scheme is 1127 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 13 June to 14 June 2018.

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.

The scheme offers 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.

The scheme would allocate 80%-100% of assets in debt instruments with low to medium risk profile and invest up to 20% of assets would be allocated to money market instruments with low risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 10 under all the options.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

Sunil Patil is the fund manager for the scheme.

Powered by Capital Market - Live News

 1860-3000-1099
 Customercare@bmastock.com
  • Investors can lodge their complaints at investor.complaints@bmastock.com
  • SEBI Regn. No : NSE: INB231233132 | NSE FO : INF231233132 | NSE CD: INE231233132 | BSE: INB011233138 | NCDEX : 00523 | MCX : 28055
  • Copyright © 2016 BMA WEALTH CREATORS LTD. All rights reserved Designed, developed & powered by C-MOTS Infotech (ISO 9001:2015 certified)