UTI MF launches Capital Protection Scheme-Srs IV-II (1104D)

UTI Mutual Fund has launched a new fund as UTI Capital Protection Oriented Scheme – Series IV – II (1104 Days), a close ended capital protection oriented income scheme. The investment objective of the scheme is to endeavor to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as secondary objective.

The new fund offer (NFO) will be open for subscription from September 08 to September 22, 2014. The new fund offer price for the scheme is Rs 10 per unit. The duration of the scheme is 1104 days from the date of allotment.

The scheme offers growth and dividend (payout) options under both regular sub plan and direct sub plan.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The entry and exit load charge will be not applicable for the scheme.

The scheme shall invest 70-100% of assets in debt & money market instruments with low to medium risk profile and up to 30% in equity & equity related instruments with medium to high risk profile.

The benchmark Index for the scheme is CRISIL MIP Blended Index.

The fund manager for the scheme is Sunil Patil.

 

credit: http://www.moneycontrol.com

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