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09-Aug2018

UTI Mutual Fund files offer document for Dual Advantage Fixed Term Fund - Series VI

UTI Mutual Fund has filed offer document with SEBI to launch a close ended hybrid scheme named as 'UTI-Dual Advantage Fixed Term Fund - Series VI'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance for schemes will be benchmarked against CRISIL Hybrid 85+15 Conservative Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

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.


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