UTI Mutual Fund files offer document for Capital Protection Oriented Scheme - Series V

UTI Mutual Fund has filed offer document with SEBI to launch a Close-ended Capital Protection Oriented Income Fund as 'UTI Capital Protection Oriented Scheme - Series V'. The New Fund Offer price is Rs 10 per unit. Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore. The scheme will be benchmarked against scheme CRISIL MIP Blended Index. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. The investment objective of the scheme is to endeavor to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as secondary objective.