• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , May 2

UTI Mutual Fund has changed the name of UTI-Basic Industries Fund to UTI-Infrastructure Fund with effect from May 2, 2006.

All the other terms/features of the scheme remain unchanged, a release by UTI Mutual Fund said here. "Keeping in line with the industry practice, the name has been changed to effectively convey the objective of the fund," the release said.

The fund was launched in March 2004 as an open-end equity fund. "The investment objective of UTI-Infrastructure Fund is to provide investors the benefits of capital appreciation and income distribution by investing in companies engaged in the sectors likemetals, building materials, oil and gas, power, chemicals, engineering etc. The fund invests in stocks of the companies which form part of infrastructure industries," the company said.

More Stories on : Mutual Funds | Infrastructure

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Slaughter of the lambs

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line