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Monday, November 24, 2014

UTI – Medium Term Fund files offer document with Sebi

An open ended income scheme with no assured return 

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

Investment objective: The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high quality debt. 

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 Composite Bond Fund Index 

Entry Load: Not applicable 

Exit Load:
<= 365 days: 1.00%
> 365 days and <= 548 days: 0.50%
> 548 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 55-100% in government securities issued by Central & / or State Govt. and debt securities including but not limited to corporate bonds and securitized debt and up to 45% in money market instruments. The average maturity of the scheme would be between 3 to 7 years. 

Fund Manager: Amandeep S Chopra 
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