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UTI FMP Yearly Series 03/10: NFO Period Reduced

The NFO closure date for UTI FMP Yearly Series 03/10 will now be March 22, 2010 instead of March 31, 2010. The scheme opens for subscriptions from March 16, 2010 and invsetors will be alloted units, to be listed on National Stock Exchange, on March 22, 2010.

Moreover, the minimum target amount under the scheme has been increased from Rs 1 crore to Rs 10 crore. This implies that if the fund is unable to amass a corpus of less than Rs 10 crore, the whole sum will be refunded to applicants within 42 days from the close of offer.