UTI Mutual Fund introduces Fixed Term Income Fund Series XXX-VIII (1286 Days)

UTI Mutual Fund has launched the UTI-Fixed Term Income Fund Series XXX-VIII (1286 Days), a close ended debt scheme. The NFO opens for subscription on October 10, 2018 and closes on October 11, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Sunil Patil.

The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.