UTI MF introduces FTIF Series XVIII - XII (366 Days)

UTI Mutual Fund has launched the New Fund Offer (NFO) of UTI FTIF Series XVIII - XII (366 Days), a close ended income scheme. The NFO opens for subscription on May 13, 2014 and closes on May 16, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000. The investment objective of the scheme is to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme. However the scheme does not guarantee / indicate any return.