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UTI Mutual Fund introduces FTIF Series XXVII-IX (1160 Days)

19-Sep-2017 10:35 Hrs IST

UTI Mutual Fund has launched the UTI FTIF Series XXVII-IX (1160 Days), a close ended income scheme. The NFO opens for subscription on September 19, 2017 and closes on September 20, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiple of Rs 1 thereafter.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 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.

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