UTI MF Introduces UTI - Fixed Term Income Fund - Series X - VII (03-Feb-2012)
UTI Mutual Fund has launched the New Fund Offer (NFO) UTI - Fixed Term Income Fund - Series X - VII (368 Days), a close ended income scheme.
The NFO opens for subscription on February 3, 2012 and closes on February 9, 2012. No entry and exit load charges is applicable for the scheme. The scheme offers dividend payout and growth option. The duration of the scheme is 368 days from the date of allotment of units.
The scheme will be benchmark against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 10000 under dividend option and Rs 5000 under growth option & in multiples of Rs 10.
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
Top News Today
 Aditya Birla Group Company - Idea Cellular has slashed 3G tariffs by up to 70%. As per the revision, Idea prepaid and postpaid users have to pay 3 paise per 10 KB of data against earlier levels of 10 paise
 National Thermal Power Corporation (NTPC) will be signing the fuel supply agreements' (FSA) with Coal India for 4,300 megawatts on 2009 terms. In these FSAs companies have change trigger level, which has
 After cellular market leader Bharti Airtel launched its 4G services, now Reliance Industries is reportedly gearing up to launch the services soon and has accordingly partnered with Himachal Futuristic
|
International Stock News
 US markets made a mixed closing on Tuesday, just a day after a buoyant rally, as concerns about Greece's potential exit from the eurozone resurfaced in the final hour. Though, the markets remained in jubilant
 US markets got a good bounce back on Monday with all major indices gaining more than 1%, it was one of the best session of the month. There was some M&A activity along with report that Chinese government
 US markets declined further on Friday, making it the worst week for the markets in 2012, as the most awaited Facebook (FB) IPO was only able to muster a slight gain in its public debut, while the eurozone
|
|
|