UTI Mutual Fund changes Minimum Redemption Amount

UTI Mutual Fund has decided to change the Minimum Redemption Amount under the following schemes of UTI Mutual Fund with effect from March 10, 2021 Scheme Existing Revised UTI Banking & PSU Debt Fund In case of partial redemption the condition of holding minimum investment prescribed under the scheme has to be satisfied minimum amount of redemption is 500 & multiples of 1.In case of partial redemption, if the balance amount held in the unit holders`s folio/ account under the plan/ option of the scheme is less than the minimum investment amount, then the transaction shall be treated as an all units redemption and the entire balance of available units in the folio/ account of the unit holder shall be redeemed UTI Bond Fund In case of partial redemption the condition of holding minimum investment prescribed under the scheme has to be satisfied minimum amount of redemption is 500 & multiples of 1.In case of partial redemption, if the balance amount held in the unit holders`s folio/ account under the plan/ option of the scheme is less than the minimum investment amount, then the transaction shall be treated as an all units redemption and the entire balance of available units in the folio/ account of the unit holder shall be redeemed UTI Corporate Bond Fund In case of partial redemption the condition of holding minimum investment prescribed under the scheme has to be satisfied minimum amount of redemption is 500 & multiples of 1.In case of partial redemption, if the balance amount held in the unit holders`s folio/ account under the plan/ option of the scheme is less than the minimum investment amount, then the transaction shall be treated as an all units redemption and the entire balance of available units in the folio/ account of the unit holder