UTI Mutual Fund has launched the UTI Long Term Advantage Fund Series VI, a close ended ELS scheme. The NFO opens for subscription on October 05, 2017 and closes on January 05, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 500 and in multiple of Rs 500.
The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit.