UTI Mutual Fund launches UTI Fixed Term Income Fund Series XXXV III: 1176 Days

UTI Mutual Fund launches UTI Fixed Term Income Fund Series XXXV III: 1176 Days

by News Team | Mutual Fund

NFO period: 17th January - 24th January, 2023

Highlights of the NFO:

  • Scheme type - A close-ended debt scheme with scheme tenure of 1176 days. A Moderate Interest Rate Risk and Relatively Low Credit Risk

  • Investment objective - The scheme aims to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme. However, the scheme does not guarantee / indicate any return. There is no assurance that the funds objective will be achieved.

  • Product suitability - The product is suitable for investors who are seeking regular income for fixed term by investing in Debt/Money Market Instrument/Govt. Securities.

  • Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 10/- thereafter

  • Plan/ Options available - Regular Plan and Direct Plan. Both Plans offer the following Options.

    • Growth Option

    • Quarterly Payout of Income Distribution cum capital withdrawal option (Quarterly Payout of IDCW option)

    • Flexi Payout of Income Distribution cum capital withdrawal option (Flexi Payout of IDCW option)

    • Annual Payout of Income Distribution cum capital withdrawal option (Annual Payout of IDCW option)

    • Maturity Payout of Income Distribution cum capital withdrawal option (Maturity Payout of IDCW option)

  • Fund Manager - Shri Sunil Patil

  • Benchmark - CRISIL Medium Term Debt Index

  • Maturity - 1176 days from the date of allotment

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)