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UTI Thematic Fund collects Rs 310 crores

UTI Mutual Fund has raised Rs 310 crores under UTI's six Thematic Fund. These funds were open for initial subscription from March 9 to April 7, 2004. They will again reopen for subscriptions and repurchases from April 19, 2004 onwards.

UTI Thematic Fund comprises of six funds, each concentrating on a distinct theme - UTI - Large Cap Fund, UTI - Mid Cap Fund, UTI-Basic Industries Fund, UTI-Auto Sector Fund, UTI-Banking Sector Fund and UTI-PSU Fund.

The minimum amount of investment under each thematic fund is Rs.5000/- and additional investment is Rs.1000. Post re-opening, the fund would charge an entry load of 2 per cent and no exit load. The schemes also offer Automatic Trigger Option and Switchover facility from one fund to another.