UTI Mutual Fund has launched the UTI-Dual Advantage Fixed Term Fund Series IV-IV (1997 Days), a close ended income scheme. The NFO opens for subscription on February 09, 2017 and closes on February 23, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 & in multiple of Rs 1 thereafter.
The investment objective of the scheme is to generate income and reduce interest rate volatility by investing in fixed income securities that are maturing on or before the date of maturity of the Scheme and generate capital appreciation by investing in equity and equity related instruments.