UTI-Dual Advantage Fixed Term Fund NFO
Details for UTI-Dual Advantage Fixed Term Fund – Series IV – III (1279 days) – NFO
We are pleased to inform you that UTI Mutual Fund is launching UTI-Dual Advantage Fixed Term Fund – Series IV – III (1279 days) – NFO as per the details given below
New Fund Offer opens on : Tuesday, January 24, 2017
New Fund Offer closes on : Tuesday, February 07, 2017
Allotment Date : Thursday, February 09, 2017
Maturity Date : Tuesday, August 11, 2020
The product is suitable for investors who are seeking*:
Income over long term investment horizon
Investments primarily in Debt instruments (65%-95%) and Money Market Securities
(0%-30%), with the balance exposure in Equity and Equity related securities (5%-35%)
Type of plans and sub plans in UTI Dual Advantage Fixed Term Fund
| Type of Plan | UTI Dual Advantage Fixed Term Fund – Series IV – III (1279 days)is a closeended
hybrid scheme with a tenure of 1279 days |
| Sub Plans & Options | The Plan offers the following Sub Plans
Regular Sub Plan Direct Sub Plan Both Sub Plans offer Growth Option and Dividend Payout Option Direct Sub Plan: Direct Sub Plan is only for investors who purchase / subscribe Units in the Plan directly with UTI Mutual Fund and is not available for investors who route their investments through a Distributor (AMFI registered distributor / ARN Holder). Regular Sub Plan: Regular Sub Plan is for investors who purchase /subscribe Units in the Plan through a Distributor. The Direct Sub Plan shall have a lower expense ratio as compared to the Regular Sub Plan to the extent of distribution expenses, commission, etc and no commission or distribution expenses for distribution of Units will be paid / charged under the Direct Sub Plan. The Plan shall have a separate NAV. Both plans will have a common portfolio. |
Liquidity for UTI-Dual Advantage Fixed Term Fund
During the New Fund Offer, the units of the Plan will be sold at the face value of 10/- per unit. Redemption will be done on maturity date at NAV based price of the Plan.As per SEBI guidelines, the AMC / Mutual Fund shall not redeem the units of the Plan before the date of maturity. The units of the Plan will be listed on the Bombay Stock Exchange after the closure of the New Fund Offer period. Investors will be able to enter and exit the Plan through transactions in the secondary market within five business days of allotment.
Redemption/maturity
Redemption not permitted before maturity. The Plan will have a Maturity Date / Final Redemption Date. The Plan will compulsorily and without any further act by the Unitholder(s) be redeemed on the Maturity / Final Redemption Date. On Maturity / Final Redemption Date of the Plan, the Units under the Plan will be redeemed at the Applicable NAV. UTI AMC reserves the right to roll over (extend the maturity) of the Plan subject to the regulations.
Benchmark and NAV for UTI-Dual Advantage Fixed Term Fund
| Benchmark | CRISIL MIP Blended Index is the benchmark. |
| Transparency/NAV
Disclosure |
The AMC will calculate and disclose the first NAV within a period of 5 business days from the date of allotment. Subsequently, the NAV will be calculated and disclosed on every business day. |
| Minimum Application
Amount |
Minimum amount of investment under Regular Sub Plan and Direct Sub Plan is
Rs.5,000/- and in multiples of Re.1/- thereafter without any upper limit. |
| Option to hold Unit
In dematerialised form |
The Unit holders are given an Option to hold the units in Physical form (by way of an Account Statement) or Dematerialized (‘Demat’) form. The Applicant intending to hold the Units in dematerialised mode will be required to have abeneficiary account with a DP of the NSDL/CDSL and will be required to mention the DP’s Name, DP ID No. and Beneficiary Account No. with the DP in the application form at the time of subscription of the Units of the Plan/Sub
Plan/Option. Further, investors also have an option to convert their physical holdings into the dematerialised mode at a later date. Each Option under each sub plan held in the dematerialised form shall be identified on the basis of an International Securities Identification Number (ISIN) allotted by National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL). The ISIN No. details of the respective option under the Plan can be obtained from your Depository Participant (DP) or you can access the website link www.nsdl.co.in or www.cdslindia.com. The holding of units in the dematerialised mode would be subject to the guidelines/ procedural requirements as laid by the Depositories viz. NSDL/CDSL from time to time. For further details refer section III ‘Units and Offer’ in this Scheme Information Document. |
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