UTI Mutual Fund will unveil a new close ended income scheme, UTI-Fixed Term Income Fund - Series X, maturing in 30-1826 days, India Infoline reports. Plans with maturities 0-90 days will be benchmarked against the CRISIL Liquid Fund Index, while plans with maturities 90-1095 days will track the Short Term Bond Fund Index.
Plans with maturities of over 1095 days will follow the CRISIL Composite Bond Index. The scheme may invest in money market instruments and debt, including securitized debt. The fund will be managed by Manish Joshi and Amandeep Chopra.
Click here for the story from India Infoline.