Date : Nov-18-2008 UTI Mutual Fund on 17 November 2008 has opened initial offer of UTI Short Term Fixed Maturity Plan Series II-II and the offer period will remain open for fresh subscription till 25 November 2008. The new offer price of units is Rs 10 per unit. 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 date of allotment will be 25 November 2008. The 90 days plan will open for redemption on 27 November 2008 that will mature on 23 February 2009. The scheme offers investors retail, and institutional plan 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 date of allotment will be 25 November 2008. The 90 days plan will open for redemption on 27 November 2008 that will mature on 23 February 2009. The scheme offers investors retail, and institutional plan 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.
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