SBI Mutual Fund has launched new fund offer “ UTI Fixed Term Income Fund Series XXVI – III (1169 Days) ” a close-ended Income scheme. The NFO Open for subscription on 06 Feb. 2017 and close on 20 Feb. 2017.
The scheme’s objective is to generate returns by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme.
The tenure of the scheme is 1169 days from the date of allotment of units. The face value of the new issue will be Rs. 10 per unit.
Issue Details UTI Fixed Term Income Fund - Series XXVI - III Issue Open 06 Feb 2017 Issue Close 20 Feb 2017 Issue Type Closed Ended Income Scheme Face Value Rs 10 Entry Load Nil Minimum Application Amt 5000 Benchmark CRISIL Composite Bond Index Fund Manager Mr. Sunil Patil
Cheque in favor of : UTI Fixed Term Income Fund – Sereis XXVI -III
The scheme would invest in a diversified portfolio of various rated papers i.e., corporate bonds, debentures, etc which mature on or before the date of maturity of the scheme. As the scheme is a close ended fund with no regular inflows and as redemption is not allowed till maturity, the portfolio normally constructed in the beginning for the tenure of the scheme would have low portfolio turnover. The locked-in portfolio would nearly eliminate interest rate risks providing a potential opportunity for better returns.
Call Mutual Fund adviser, agent, broker for Investment
Rajendra – 77 1991 7444