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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 shall be redeemed
UTI Medium Term 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 Credit Risk Fund 1000/ to be reckoned at prevailing NAV on the date of redemption/ switches 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 Dynamic Bond Fund 1000 & multiple of 1 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 Floater Fund In case of partial redemption/ switches 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 Gilt Fund 1000 or equivalent units 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 Money Market Fund 1000 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 Short Term Income Fund 1000 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 Treasury Advantage Fund Redemption can be for any/ amount in multiples of 1000 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 Ultra Short Term Fund Minimum amount of redemption in 1000/ and in multiples of 1 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 Overnight Fund NIL 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 Liquid Cash Plan Minimum amount of redemption under Growth option in 500/ and for all the other option it is 1000 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