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UTI Fixed Term Income Fund Series XXIV-XII 1099 Days

Rating (source: Value Research)

NAV as on 18/10/2017 for

Rs. 11.3390.0028 (0.02%)
  • Overview

  • Performance

  • Portfolio

  • Fund
  • Scheme
  • Load
  • Management
  • Creation Unit/
Investment Objective

The scheme aims to generate returns by investing in a 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. There is no assurance that the funds objective will be achieved.

1097 Days
A Close-Ended Income Scheme
Plan opens on
Wednesday, May 11, 2016
Plan closes on
Wednesday, May 25, 2016
Offer Price
Offer of Units of Rs.10 per unit for cash during the New Fund Offer
Minimum Application amount
Minimum amount of investment is Rs. 5,000/- & in multiples of Rs.10/- under all the Plan(s) and Option(s)
Allotment Date
Thursday, May 26, 2016
Maturity Date
Tuesday, May 28, 2019
The scheme offers following plans
Regular Plan
Direct Plan
Both the plans offer following options
(i)Growth Option(ii)Quarterly Dividend Option with Payout facility (iii)Flexi Dividend Option with Payout facility (iv)Annual Dividend Option with Payout facility(v)Maturity Dividend Option with Payout facility

In case where no option is exercised by the applicant/unitholder at the time of making his investment or subsequently he will be deemed to be under the Growth Option and his application will be processed accordingly. In case dividend option is indicated and the periodicity is not mentioned, then the default dividend option will be the Quarterly Dividend Option
Direct Plan: Direct Plan is only for investors who purchase/subscribe units directly with the Fund and is not available for investors who route their investments through a Distributor.

The Direct Plan will be a separate plan under the Scheme and shall have a lower expense ratio excluding distribution expenses, commission etc and will have a separate NAV. No commission shall be paid / charged from Direct Plan.

The Direct and Regular Plans will have a common portfolio.

How to apply: Investors subscribing under Direct Plan will have to indicate "Direct Plan" against the Scheme name in the application form as for example "UTI-Fixed Term Income Fund Series – XXIV – XIII (1097 days) – Direct Plan".

Treatment of applications under "Direct" / "Regular" Plans:
Scenario Broker Code mentioned by the investor Plan mentioned by the investor Default Plan to be captured
1 Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan
8 Mentioned Regular Plan

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load.
For further details on Direct Plan, please refer to SAI
Fund Managers

Shri Sunil Patil

Shri Sunil Patil is M.Com, MFM,CAIIB-I.

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Who Should Invest
  1. For all class of investors i.e. Corporates , High Networth Investors (HNIs) & Retail who have a pre decided investment horizon.
  2. Fixed Term Income Funds (FTIFs) are preferable for
    – Risk-averse investors who seek avenues for investment and in the process keep money in the form of bank deposits
    – Investors who want to park money for a fixed period of time with a view to meeting certain financial goals in near future

Tax Angle

The Tax Angle - Subject to prevalent tax laws (Please refer to the clause on Taxation in the Statement of Additional Information (SAI))
– In the case of FTIFs the return can be in the form of dividend or capital appreciation depending upon the option of the investor
– Dividend is tax free in the hands of investor while the fund has to incur a Dividend Distribution Tax

This product is suitable for investors who are seeking*:

  • Regular income for fixed term
  • Investment in Debt/Money Market Instrument/Govt. Securities

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Fund Manager - Biography
Fund Manager

Shri Sunil Patil

He joined UTI AMC in October 1989. He has 16 years of experience in Primary Market Investment and Dealing and 7 years of experience in Fund Management.

Download Fund Documents
Plan Investment in Rupees
Load Structure Entry Load : NIL
Exit Load : For Redemptions made on the Maturity Date / Final Redemption Date, the AMC will not charge any Exit Load. Redemption not permitted before maturity.

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Things you should know to make the best investment decision

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online application process
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Print and sign the form and send it with required documents at our nearest office or our executive will come and collect them

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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