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