UTI MF launches UTI Dynamic Bond Fund
Mumbai: UTI Mutual Fund has unveiled a new open ended income scheme, UTI Dynamic Bond Fund. The new fund offer will be available from 16 June, 2010 to 23 June, 2010. The minimum investment amount of the scheme is 
10,000.
The investment objective is to generate optimal returns with adequate liquidity through active management of the portfolio, by investing in debt and money market instruments. The scheme will invest up to 99 percent of assets in money market, debentures and securitized debt with residual maturity of less than one year with low to medium risk profile. It would further allocate one percent to 100 percent of assets in debt instruments including securitized debt with maturity of more than one year with medium risk profile.
The scheme will not charge any entry load and exit load charge will be 0.50 percent if investment redeemed between 30 days from the date of investment. The scheme will be managed by Puneet Pal and will be benchmark against CRISIL Composite Bond Fund Index.
10,000.
The investment objective is to generate optimal returns with adequate liquidity through active management of the portfolio, by investing in debt and money market instruments. The scheme will invest up to 99 percent of assets in money market, debentures and securitized debt with residual maturity of less than one year with low to medium risk profile. It would further allocate one percent to 100 percent of assets in debt instruments including securitized debt with maturity of more than one year with medium risk profile.
The scheme will not charge any entry load and exit load charge will be 0.50 percent if investment redeemed between 30 days from the date of investment. The scheme will be managed by Puneet Pal and will be benchmark against CRISIL Composite Bond Fund Index.