UTI Mutual Fund has revised the exit load of the following funds, with effect from April 06, 2015:
Scheme Name | Existing Exit Load | Revised Exit Load |
UTI India Lifestyle UTI Pharma & Healthcare UTI Energy UTI Transportation & Logistic UTI Multi Cap UTI Mid Cap UTI Banking Sector UTI Infrastructure | 1% if redeemed on or before 548 days | 1% if redeemed within 1 year |
UTI MNC | 1% if redeemed on or before 730 days | 1% if redeemed within 1 year |
UTI Monthly Income Scheme | 1% if redeemed on or before 1095 days | 1% if redeemed on or before 365 days |
The fund house has also announced dividend under the dividend option of UTI Fixed Term Income Sr XVIII-V (370D) Reg-DQ, UTI Fixed Term Income Sr XVIII-V (370D) Direct-DQ, UTI Fixed Term Income Sr XVIII-V (370D) Reg-DY, UTI Fixed Term Income Sr XVIII-V (370D) Direct-DY, UTI Fixed Term Income Sr XVIII-V (370D) Reg-D and UTI Fixed Term Income Sr XVIII-V (370D) Reg-Flexi D. The quantum of dividend will be the entire distributable surplus as on the record date.
The record date has been fixed as April 09, 2015.