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Tuesday, June 02, 2009

UTI MF Introduces SIP under various schemes

With effect from 29 May 2009

UTI Mutual fund has introduced the Systematic Investment (SIP) under UTI Liquid Cash Plan Regular - Growth option, UTI Money Market Fund - Growth option and UTI Floating Rate Fund Short Term Plan - Regular and Growth option, with effect from 29 May 2009.

SIP offers Monthly Systematic Investment (MSIP) and Quarterly Systematic Investment (QSIP).

The minimum amount of each investment for SIP is Rs 2500 for monthly option and Rs 7500 for quarterly option and in multiples of Re 1 thereafter.

The load applicable under SIP is the same as that of for regular investments for the respective schemes.

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