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Our Bureau

Mumbai , Nov. 30

UTI Mutual Fund has launched UTI-Fixed Term Income Fund - Series II- Plan 16. The new fund offer opens on November 27 and closes on December 11.

The fund is a close-ended income scheme and has three plans: Plan 16, Plan 36 and Plan 60. Currently, UTI Mutual Fund is launching Plan 16. The fund has a growth, dividend payout and dividend reinvestment option.

UTI - Fixed Term Income Fund - Series II aims to generate regular returns by investing in a portfolio of fixed income securities. "UTI- Fixed Term Income Fund- Series II-Plan 16 provides an investment opportunity with superior tax-adjusted returns and protects investors from adverse interest rate movements," said Mr Amandeep Chopra, Fund Manager of Plan 16. The fund has been benchmarked against the Crisil Short Term bond Index.

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UTI Mutual launches new income plan

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