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UTI MF launches UTI Fixed Term Income-Series XX - II (1103 days)


UTI Mutual Fund has announced the NFO of UTI Fixed Term Income-Series XX - II (1103 days). The scheme will open for subscription on September 17, 2014 and close on September 25, 2014.

The fund house has decided to roll over UTI Fixed Term Income-Series XVI - VII (366 Days) by 747 days. Now the scheme will mature on October 17, 2016.

The AMC also announced dividend under the dividend option of UTI Annual Interval Fund Series II Reg-D and UTI Annual Interval Fund Series II Direct-D.

The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as September 22, 2014.