UTI MF garners Rs 409 crore through its 90 days plan

News Flash

Standard Chartered Bank allotted $197.38mn
Barclays Capital allotted $155.18mn, DBS allotted $300mn
Reallocation as FIIs failed to invest allotted component
Reallocates $1.31bn to FIIs for corporate debt invst
CNX Midcap down 1.3%, Smallcap Index down 1.8%
BSE Advances at 30.24%, Declines at 66.77%
Govt wants to focus on construction sector
Govt may not give direct sops to auto sector
Steel duty cut may provide relief to auto sector
Govt may cut excise duty on steel and cement
Govt may rejig duty to help SMEs: Ashwini Kumar
Anti -dumping laws to be strengthened
HCL Technologies announces partnership with Xerox
Govt to increase focus on infra spending
Banks want realtors to cut prices or sell properties
Pressure on RBI to cut rates has somewhat eased
Banks' total deposit grew 20.4% on year to Nov 7: NW
Outstanding bank credit on Nov 7 at Rs.27.12 lk cr: NW
Banks encouraged to use special refinance facility: RBI
Use special refinance to give loans to SMEs: RBI
Banks' total credit grew 26.5% on year to Nov 7: NW
RBI to allocate upto $10bn from FX reserves to fund: Srcs
RBI may set up a special $ fund for infra cos: Sources
FIIs net sell $91.5mn in equity on Nov 18
Power Grid approves 3 investment proposals
Approves Rs.7031cr investment in Sasan project
MFs net sell Rs.45cr in equity on Nov 18
Nifty falls 135 pts from day's high; Down 1.8% at close
Sensex sheds earlier gains; Down 1.8% at close
CNX Midcaps down 1.3%, Smallcap Index down 1.8%

Updated: 06/09/2008 | 12:00 AM IST

Mutual fund

Capital Market

Saturday, September 06, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

UTI Mutual fund has collected Rs 409 crore via UTI Short Term Fixed Maturity Plan -Series I-VI (91days) during its new fund offer period of 22 August 26 August 2008.

This is a close-ended income scheme with plan tenure of 91 days with an investment objective to generate regular returns by investing in portfolio of fixed income securities normally maturing in line with the maturity period of the plan.

The scheme offers investors growth and dividend options.

The scheme will have investment up to 90% in debt including securitised debt and 10-100% in money market instruments. The plan may invest up to 100% of its debt portfolio in securitised debt.

The fund will ask 1% as an exit load for redemption before maturity.

Powered byCapital Market - Live News