High Yield FMP – NFO UTI FTIF Sr.XXIX-XIII (1122 Days) is launched from today i.e. 2nd July 2018 & will remain opened for sale up to 16th July 2018.
FMP is an ideal investment option forspanCorporate, HNIs , MNIs , Re font-family: Calibri; font-size: medium;”tail Investors , Conservative investors who hesitant to enter into equity schemes and those who wish to have tax efficient returns . We must target existing FMP Investors, Prospective Investors with surplus cash & Investors who wish to invest in GOI Saving Schemes, Company FDs , Bank deposits and Tax free bonds etc.
USP of FMP:
- Higher safety of capital in view of diversified portfolio of various rated papers i.e. Money market instruments , Corporate bonds and Debentures.
- Aims for Stable and Reasonable returns due to locked in portfolio.
- Low interest rate risk, as investment is held upto maturity.
- Tax Efficiency (as per the prevailing Income Tax Rules & Regulation)
– Scope for Indexation benefit .
– No Tax Deducted at Source (TDS) unlike other conventional avenues of investments
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Summary of Scheme :
|Name of the scheme||UTI Fixed Term Income Fund Series XXIX-XIII|
|Nature of the Scheme||A Close Ended Income Scheme with a tenure of 1122 days|
|Investment Objective||The scheme aims to generate returns by investing in a 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.|
|Launch Date||02nd July 2018 (Monday)|
|Closing Date||16th July 2018 (Monday)|
|Date of Allotment||17th July 2018 (Tuesday)|
|Maturity Date||12th Aug 2021 (Thursday )|
|Exit Load||NIL at Maturity . Redemption not permitted before maturity.|
|Listing /Liquidity||Units of UTI FTIF XXIX-XIII will be listed on NSE and hence withdrawal / redemption prior to maturity is not allowed. As per SEBI guidelines,the AMC/Mutual Fund shall not redeem the units of the scheme before the date of maturity|
|Asset Allocation||Debt Instruments : Mini:80% & Max:100% Risk Profile : Low to Medium Money market Instruments : Mini: 0% & Max: 20% Risk Profile : Low|
|Sectors in which the scheme shall not invest||Securities issued by companies in Aviation, Gems and Jewellery|
|Plans /Option / Sub-options||There will be two plans namely Regular Plan and Direct Plan. Each Plan offers the following option(s) : (i) Growth Option (ii) Quarterly Dividend withPayout Option (iii) Annual Dividend with Payout Option (iv) Flexi Dividend with Payout Option & (v) Maturity Dividend with Payout Option|
|Face Value||Rs.10 per unit|
|Minimum amount of Investment||Rs.5000/- & in multiples of Rs.10/-under all options / Plans|
|Benchmark Index||Crisil Composite Bond Fund Index|
|Facility of Transfer / Pledge / Assignment of Units||Units of the scheme are transferable. Pledge / Assignment of units permitted only in favour of Banks or other financial institutions ( Pl refer to SID for further details )|
|FMP Collection Account Details|
|HDFC BANK Fort||A /C No: 00600350022688 IFSC Code: HDFC0000060 – UTI MUTUAL FUND FMP COLLECTION|
|AXIS BANK Fort||A/C No: 004010202372354 IFSC Code: UTIB0000004 – UTI MF FMP COLLECTION|
|Scope for Indexation Benefit subject to prevailing Income Tax laws ,Rules and Regulations . Please refer to Tax Laws, Rules and Regulations and consult Tax Consultant for further clarifications.|
|Mutual Fund investments are subject to market risks, read all scheme related documents carefully.|
Open Your Demat Account to Invest in Upcoming IPO’s/NCD’s/Bonds
Download “UTI Fixed Term Income Fund Series XXIX-XIII” Application Form
Download “UTI Fixed Term Income Fund Series XXIX-XIII” Description
For More Details Contact us 011-42445800 / 9650901058
To Invest in UTI Fixed Term Income Fund Series XXIX-XIII, Submit Your Details Below: