UTI Mutual Fund launched the UTI Fixed Term Income Fund Series XXIX-III (1131 Days), a close ended income scheme. The NFO opens for subscription on May 03, 2018 and closes on May 17, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
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.