UTI Mutual Fund has launched the UTI FTIF Series XXVIII-VI (1190 Days), a close ended income scheme. The NFO opens for subscription on January 10, 2018 and closes on January 11, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Sunil Patil.
The investment objective of the scheme is to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme.