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Friday, December 26, 2014

UTI -Dual Advantage Fixed Term Fund – Series I-I (1100 Days) Floats On

NFO period is from 26 December 2014 to 09 January 2015 

UTI Mutual Fund has launched a new fund named as UTI -Dual Advantage Fixed Term Fund – Series I, a close-ended hybrid scheme. The duration of the scheme is 1100 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 26 December 2014 to 09 January 2015. 

The investment objective of the scheme is to generate income and reduce interest rate volatility by investing in fixed income securities that are maturing on or before the date of maturity of the scheme and generate capital appreciation by investing in equity and equity related instruments. 

The scheme offers growth and dividend (payout) options under both regular plan and direct plan. 

The scheme shall invest 65-95% in debt, up to 30% in money market instruments and 5-35% in equity & equity related instruments. The Plans will invest in securitized debt up to 25% of the net assets of the plan. The plans shall not invest in ADR/GDR or foreign securities. Exposure to derivatives may be to the extent of 25% of the net assets of the plan. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

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 MIP Blended Fund Index 

The fund managers for the scheme are Sunil Patil (debt portfolio) and V. Srivasta (equity portfolio). 
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