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UTI-Retirement Benefit Pension Fund changes minimum amount requirements

UTI Mutual Fund has changed the minimum amount for purchase/switches under UTI-Retirement Benefit Pension Fund (UTI-RBP) with effect from October 26, 2015.

Under the revised provision the minimum amount of each investment is ₹500/- (purchase value). There is no upper limit.

Also, under the eligibility criteria for Systematic Withdrawal Plan(SWP) Unitholders may get the regular periodical payments after they complete 58years of age or, after completion of 5 years of each investment, whichever is later, provided minimum balance of ₹10,000/- (total investment at NAV) under the scheme under the folio is available at the time of commencing such payment.