UTI MF floats on 90 days plan

News Flash

IT WAS RIL'S DUTY TO DISCLOSE AZB'S PRESENCE IN COURT BEFORE HEARING
JUDGE RAVEENDRAN WAS ASKING SOME INCONVENIENT QUESTIONS
HAVE A STRONG CONVICTION THAT RIL WAS UPSET WITH JUDGE RAVEENDRAN
CASE TO HEARD BY JUSTICE B. SUDERSHAN REDDY TOMORROW
TOTAL COMMITTED INVESTMENT IN NELP VIII AT $1.34 BILLION
SEPTEMBER PRODUCER PRICE INDEX AT -0.4% VS 0.4% (MOM)
ADP EMPLOYMENT CHANGE IN OCT DOWN 203 K VS VS FALL OF 254 K (MOM)
FOREIGN FUNDS NET BUY RS.234.31 CR IN EQUITIES ON NOVEMBER 4 (PROV)
DII'S NET BUY RS.557.19 CR IN EQUITIES ON NOVEMBER 04 (PROV)
RELIANCE INDUSTRIES D6 BLOCK OUTPUT SEEN AROUND 60 MCMD BY DEC
RELIANCE INDUSTRIES D6 GAS OUTPUT SEEN AT 70 MCMD BY JAN END
CAIRN'S RAJASTHAN CRUDE OUTPUT SEEN AT 30,000 BBL/DAY BY YEAR END
FY'10 CRUDE OUTPUT SEEN AT 36.71 MT, UP 11% (YOY)
INDIA'S BALANCE RECOVERABLE OIL RESERVES AT 736.45 MT
B. SUDERSHAN REDDY TO BE PART OF 3 JUDGE BENCH TO HEAR RIL-RNRL CASE
JUSTICE REDDY REPLACES JUSTICE RAVEENDRAN IN RIL-RNRL CASE
SIGNS PACT WITH FIM BANK MALTA, BANCA IFIS & BLENDED FINANCE
TO SUPPLY CRUDE OIL FROM MANGALA FIELD TO RELIANCE INDUSTRIES
RIL TO BUY 1.4 MN BARRELS OF CRUDE FROM CAIRN IN 4 MONTHS
CONCLUDED INITIAL PACT TO SUPPLY CRUDE TO RELIANCE INDUSTRIES
TO RAISE UPTO RS 1200 CR THROUGH RIGHT ISSUE
EXPORTS LIKELY TO TURN POSITIVE BETWEEN JAN-MAR 2010: ANAND SHARMA
KINGFISHER TO MAKE UPFRONT PAYMENT IN 12 DAYS; REMAINING DUES WITHIN 1 YEAR
JUDGE TO ISSUE COMMON ORDER TOWARDS INTENT OF OUT OF COURT SETTLEMENT
NO IMMEDIATE PLANS TO REVISE INTEREST RATES ON HOME LOANS
SENSEX UP 507 PTS TO 15,912; NIFTY GAINS 147 PTS TO 4,711 AT CLOSE
ALL INDICES END IN GREEN: REALTY INDEX UP 9.6%, METAL INDEX UP 5.4%
BIGGEST ABSOLUTE POINT GAIN ON SENSEX SINCE MAY 27
INDIA'S TOTAL TELEPHONE SUBSCRIBER BASE REACHES 509 MILLION
GOVT HAS NO PLANS TO EASE FOREIGN INVESTMENT RULES

Updated: 01/10/2008 | 12:00 AM IST

Mutual fund

Capital Market

Wednesday, October 01, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

UTI Mutual fund has opened initial offer of UTI Fixed Term Income Fund Series I-X on 1 October 2008. The new fund offer period will remain open for fresh subscription till 7 October 2008. The new offer price of units is Rs 10 per unit. The date of allotment will be 7 October 2008. The plan will open for redemption on 8 October 2008, which will mature on 5 January 2009.

It is a close-ended income scheme 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 retail and institutional with growth and dividend options. The minimum application amount for retail option under dividend sub option is Rs 10,000 and under growth sub option is Rs 5,000 and in multiples of Re 1 thereafter. The minimum application amount under institutional option is Rs 1 crore and in multiples of Re 1 thereafter.

The scheme will invest up to 0-90% in debt including securitised debt and 10-100% in money market instruments. The scheme may endow up to 100% in the securitised debt.

As the scheme is of close-ended nature, it is not applicable to entry load. The fund will ask 1% as an exit load for redemption before maturity.

Powered byCapital Market - Live News