| UTI Mutual Fund | |
| Scheme Name | UTI – Fixed Term Income Fund Series XXXI-II (1222 Days) |
| Objective of Scheme | The scheme aims to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme. However the scheme does not guarantee / indicate any return. There is no assurance that the funds objective will be achieved |
| Scheme Type | Close Ended |
| Scheme Category | Debt – Income |
| New Fund Launch Date | 03-Jan-2019 |
| New Fund Offer Closure Date | 17-Jan-2019 |
| Indicate Load Separately | Entry Load- Nil, Exit Load-Nil |
| Minimum Subscription Amount | Rs.5,000/- and in multiple of Rs.10/- |
| For Further Details Please Visit Website | www.utimf.com |
Source from: www.amfiindia.com
Mutual Funds based on asset class
Debt Funds: These are funds that invest in debt instruments e.g. company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns. These funds do not deduct tax at source so if the earning from the investment is more than Rs.10,000 then the investor is liable to pay the tax on it himself.
Mutual Funds based on structure
Close-Ended Funds: These are funds in which units can be purchased only during the initial offer period. Units can be redeemed at a specified maturity date. To provide for liquidity, these schemes are often listed for trade on a stock exchange. Unlike open ended mutual funds, once the units or stocks are bought, they cannot be sold back to the mutual fund, instead they need to be sold through the stock market at the prevailing price of the shares.
