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UTI Changes Exit Load Of Two Schemes

UTI Mutual Fund has announced a complete waiver of exit load for unit holders of UTI Floating Rate Fund (STP). For UTI Dynamic Bond, an exit load of 0.75% shall be charged if units are redeemed within 180 days from the date of allotment.

Hitherto, a load of 0.75% is charged for exiting the scheme within 15 days from allotment date for UTI Floating Rate STP and for UTI Dynamic Bond a load of 0.50% for exiting within 1 month.

The changes have been in effect from October 1, 2012.