Date : Dec-12-2008 UTI Mutual Fund has opened initial offer of UTI Short Term Fixed Maturity Plan Series II-IV (90 days) on 11 December 2008. The new fund offer period will remain open for fresh subscription till 17 December 2008. The new offer price of units is Rs 10 per unit.
The date of allotment will be 17 December 2008. The 90 days plan will open for redemption on 19 December 2008, which will mature on 17 March 2009. It is a close-ended income scheme with an investment objective to generate regular returns by investing in portfolio of fixed income securities normally maturing along with the maturity period of the plan. The scheme offers two plans, retail and institutional plan with growth and dividend options. The minimum application amount for retail option under dividend sub option is Rs 10,000 and under growth sub option is Rs 5,000 and in multiples of Re 1 thereafter. The minimum application amount under institutional option is Rs 1 crore and in multiples of Re 1 afterward. The scheme will invest up to 0-90% in debt including securitized debt and 10%-100% in money market instruments. The scheme may invest up to 100% in the securitized debt.
The date of allotment will be 17 December 2008. The 90 days plan will open for redemption on 19 December 2008, which will mature on 17 March 2009. It is a close-ended income scheme with an investment objective to generate regular returns by investing in portfolio of fixed income securities normally maturing along with the maturity period of the plan. The scheme offers two plans, retail and institutional plan with growth and dividend options. The minimum application amount for retail option under dividend sub option is Rs 10,000 and under growth sub option is Rs 5,000 and in multiples of Re 1 thereafter. The minimum application amount under institutional option is Rs 1 crore and in multiples of Re 1 afterward. The scheme will invest up to 0-90% in debt including securitized debt and 10%-100% in money market instruments. The scheme may invest up to 100% in the securitized debt.
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