UTI Mutual Fund files offer document for Balanced Hybrid Fund
UTI Mutual Fund has filed offer document with SEBI to launch an open-ended balanced scheme named ‘UTI Balanced Hybrid Fund ‘. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load will be nil. For Redemption / switch-out upto and including10% of Units allotted on or before completion of 12 months from the date of allotment exit load will be Nil; Redemption/ switch out in excess of the 10% of Units allotted on or before completion of 12 months from the date of allotment-exit load will be 1.00%; If redeemed / switched out after 12 months from the date of allotment exit load will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 100 crore.
The performance will be benchmarked against NIFTY 50 Hybrid Composite Debt 50:50 Index. The minimum application will be Rs 1000 and in multiples of Re1 thereafter.
The investment objective of the scheme is to provide long term capital appreciation and generate income by investing in a balanced portfolio of equity & equity related instruments and debt & money market Instruments.
