US-64 & UTI Bond Reduce Exit Load

With effect from May 02, 2002, UTI has reduced the exit load in its US-64 and Bond Fund.

In US 64, an exit load of 2 percent would be charged if redeemed before 2 years. Prior to this, the fund used to charge an exit load of 1 percent if redeemed within 1 year, 1.5 percent if redeemed between 1-2 years and 2 percent if redeemed between 2-3 years.

UTI Bond Fund has reduced the exit load from 1 percent to 0.5 percent for redemption made within 3 months. The fund has also removed the exit load of 0.5 percent applicable for redemption made between 3 and 6 months.