UTI G-Sec to merge with UTI -Gilt Advantage Fund-LTP

UTI Mutual Fund has approved the merger of UTI G-Sec with UTI-Gilt Advantage Fund-LTP, with effect from August 30, 2012.

The existing unit holders, who do not approve of the above merger, have an option to exit the scheme anytime between August 1, 2012 to August 30, 2012 without paying any exit load.

However, the unit holders who choose to remain invested in UTI G-Sec shall be allotted units of UTI-Gilt Advantage-LTP at applicable NAV as on August 30, 2012.