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Thursday, August 13, 2015

UTI Dual Advantage Fixed Term Fund Series II – I (1998 Days) Floats on

NFO period is from 14 August to 28 August 2015 

UTI Mutual Fund has launched a new fund named as UTI Dual Advantage Fixed Term Fund Series II – I (1998 Days), a close ended hybrid scheme. The duration of the scheme is 1998 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 14 August to 28 August 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 would invest 65%-95% of assets in debt instruments with low to medium risk profile, invest upto 30% of assets in money market instrument with low risk profile and invest 5%-35% of assets in equity & equity related instruments with medium to high risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter under all the options. 

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 of the scheme are Sunil Patil (debt portfolio) and V. Srivasta (equity portfolio). 
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