UTI Mutual Fund launches UTI- Capital Protection Oriented Scheme Series IV-1

India Infoline News Service | Mumbai |

UTI Mutual Fund provide capital protection by investing in AAA rated fixed income instruments and capital appreciation by investing in equity.

UTI Mutual Fund (UTI) launches a new closed ended scheme "UTI- Capital Protection Oriented Scheme Series IV-1 (1103 days)". The New Fund Offer has opened on July 7, 2014 and closes on July 21, 2014.

The investment objective of the scheme is to endevour 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. However there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.

The scheme is "oriented towards protection of capital" and not "with guaranteed returns". Further, the orientation towards protection of the capital originates from the portfolios structure of the scheme and not from any bank guarantee, insurance cover etc.

Suraj Kaeley, Group President-Sales & Marketing, UTI AMC said, " The scheme aims to provide capital protection by investing in AAA rated fixed income instruments and seeks to provide capital appreciation by investing in equity.The scheme is suitable for those investors who want to earn the current interest rate over the tenure of the scheme without taking any interest rate risk."

Sunil Patil is the fund manager of the scheme.

Salient Features of UTI- Capital Protection Oriented Scheme Series IV-1 (1103 days)

· Type of Scheme: Closed ended capital protection oriented income fund with a plan tenure of 1103 days

· Eligible Investors:

The scheme is open to resident individuals, institutions as well as to NRIs and FIIs.

· New Fund Offer Price:

During the NFO, the units will be sold at face value of Rs.10/- per unit

· Plans and Option(s) Offered:

The Plan offers Regular sub Plan and Direct sub Plan.

Both Sub Plans offer Growth Option and Dividend Payout Option

Asset Allocation:


Type of Instruments

Indicative Allocations

(% to net assets)

Risk Profile

Minimum

Maximum

Debt and Money Market Instruments

70%

100%

Low to Medium

Equity & Equity related instruments

0%

30%

Medium to High

 

· Minimum Application Amount:

Minimum Initial investment under both Sub-Plans and Options is Rs.5,000/- and in multiples of Rs.1/- thereafter without any upper limit.

· Load Structure

Entry Load: Not Applicable

Exit Load : No Exit Load is applicable for the scheme. No redemption is permitted before maturity of the scheme, being a close ended scheme

  Benchmark Index:

CRISIL MIP Blended Index

Liquidity:

The units of the Plan will be listed on NSE after closure of the New Fund Offer Period. Investors will be able to enter and exit the Plan through transactions in the secondary market within 5 business days of allotment.

 

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