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Thursday, May 08, 2014

UTI-Fixed Term Income Fund – Series XIX files offer document with Sebi

A close-ended income scheme  

UTI Mutual Fund has filed offer document with Sebi to launch UTI-Fixed Term Income Fund – Series XIX-I-XX, a close-ended income scheme. The New Fund Offer price is Rs 10 per unit. 

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. 

Options: 

Growth option 

Quarterly Dividend Option with Payout and Reinvestment facility 

Flexi Dividend Option with Payout and Reinvestment facility 

Annual Dividend Option with Payout and Reinvestment facility and
Maturity Dividend Option with Payout facility 

Plans: Regular plan and direct plan 

Benchmark:
The benchmark for plans with various maturities are given below
<= 90 days: CRISIL Liquid Fund Index,
>90 days & <= 1095 days: CRISIL Short Term Bond Fund Index
> 1095 days: CRISIL Composite Bond Fund Index 

Loads: Nil 

Minimum Application Amount: Rs.5,000 and in multiples of Rs 10 thereafter.
Minimum Target Amount: Rs 20 crore under each scheme 

Asset Allocation: 

Scheme tenure: 30 days to 400 days-The scheme shall invest up to 100% in debt instruments and up to 100% in money market instruments. 

Scheme tenure: 401 days to 1095 days- The scheme shall invest 70-100% in debt instruments and up to 30% in money market instruments. 

Scheme tenure: 1096 days to 3700 days- The scheme shall invest 80-100% in debt instruments and up to 20% in money market instruments. 

Fund Manager: Manish Joshi
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