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Monday, September 29, 2014

UTI-Short Term Opportunities Fund files offer document with Sebi

An open-ended income scheme with no assured returns 

UTI Mutual Fund has filed offer document with Sebi to launch UTI-Short Term Opportunities Fund, an open-ended income scheme with no assured returns. The New Fund Offer price is Rs 10 per unit. 

Investment objective: The investment objective of the scheme is to generate regular income and capital appreciation over the short term investment horizon, from a portfolio of debt and money market instruments and government securities with average maturity of the portfolio not exceeding 36 months. 

Plans: Regular plan and direct plan. 

Each plan offers the following option(s): 

(i) Growth Option
(ii) Monthly Dividend Payout Option
(iii) Monthly Dividend Reinvestment Option
(iv)Quarterly Dividend Payout Option
(v) Quarterly Dividend Reinvestment Option
(vi)Half Yearly Dividend Payout Option
(vii) Half Yearly Dividend Reinvestment Option
(viii) Annual Dividend Payout Option
(ix) Annual Dividend Reinvestment Option
(x) Flexi Dividend Payout Option
(xi) Flexi Dividend Reinvestment Option 

Benchmark: CRISIL Short Term Bond Fund Index 

Entry Load: Nil 

Exit load: 

Less than or equa1 to 365 days – 1.00% 

Greater than 365 days – Nil 

Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter. 

Minimum Target Amount: Rs 20 crore 

Asset Allocation: The scheme shall invest 65-100% in debt including government securities) issued by central & / or state government and up to 35% in money market securities. Debt securities will also include securitised debt, which may go up to 50% of the portfolio. 

Fund Managers: Amandeep Chopra and Ritesh Nambiar. Arpit Kapoor is the dedicated fund manager for investment in foreign debt securities. 
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