Financial Daily from THE HINDU group of publications
Tuesday, January 10, 2006
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Financial Daily from THE HINDU group of publications Tuesday, January 10, 2006 |
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News Update as at 17.00 hrs (IST)
Banking & Finance HYDERABAD: UTI Mutual Fund launched a new equity oriented scheme 'UTI Leadership Equity Fund' which closes on January 30, 2006. The scheme will re-open for continuous purchase and redemption from February 28, UTI AMC Chief Marketing Manager K Madhav Kumar told newsmen here on Tuesday. The scheme would invest the funds of the scheme in stocks that are 'leaders' in their respective industries/ sectors/sub-sector. The scheme will invest in equity and equity related instruments of 'leaders' to the extent of 65/1-- per cent and 'potential leaders' to the extent of 0-35 per cent. The scheme may also invest in debt and money market instruments to the extent of 0-10 pe r cent, Mr Kumar said. - PTI
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