UTI Mutual Fund has announced a change in the asset allocation of UTI Fixed Term Income XII VIII.
Presently, the investments in the following instruments are exempted from the 30% Sectoral Limit: Certificate of deposits, Govt. securities, T-Bills, C.B.L.O. Now even AAA rated instruments of PSU Banks and of Public Financial Instruments would also be exempted from this limit.
Investors who do not agree with this change may apply for a refund before the New Fund Offer Period ends on September 4, 2012.