UTI Mutual Fund proposes to change the name of UTI Bond Advantage Fund from 3rd April 2007. The fund shall be named as UTI Liquid Plus Fund which will have Retail and Institutional Plans with daily, weekly and monthly frequencies.
Minimum investment amount for Retail Plan would be Rs.1 lakh and for Institutional Plan, it shall be Rs.1 crore. The fund would benchmark its performance against Crisil Liquid Fund Index. It would charge an exit load of 0.15% if redemption is made within 7 days. Except from these, all other features of Bond Advantage Fund remains unchanged.