UTI Mutual Fund has launched a new scheme ‘UTI Credit Opportunities Fund’.  The new fund offer opens on October 25 and closes on November 8. The scheme will re-open for purchase and redemption from November 26th onwards.

The investment objective of the scheme is to generate reasonable income and capital appreciation by investing in debt and money market instruments across different maturities and credit ratings. There is no assurance that the investment objective of the scheme will be achieved, said a statement from the fund house.

UTI Credit Opportunities Fund will over a period of time have a diversified portfolio spread across risk/reward curve.

“The scheme will focus on investing in mispriced credit with modest credit quality. A large part of the portfolio will be invested in high-rated issuers in the short and long-term. The scheme would be relatively aggressive on credit but low to medium on interest rate sensitivity,” said Amandeep Chopra, Head-Fixed Income and Fund Manager, UTI MF.