Posts filed under 'UTI MF'
UTI SPrEAD Fund from UTI Mutual Fund announced a dividend of 8%. This is the first dividend announcement from the fund scheme.
The scheme’s inception date is 22 June 2006 and comes into Open Ended Equity Oriented Scheme category. Mr. Harsha Upadhyaya is the fund manager of the scheme.
The objectives of the scheme are: “The investment objective of the scheme is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity & equity related securities, derivatives and the balance portion in debt securities. However, there can be no assurance that the investment objective of the scheme will be realised.”
The Asset Allocaiton of the scheme is as follows: ” Equity: 65-90%, derivatives 65-90%, money market & debt instruments 10-35%”
UTI SPrEAD Fund has Rs. 429.51 Crores as AUM (as of Jan 31, 2008). Its NAV is 11.478 (as of Feb 14, 2008)
Top holdings of the fund include Vijaya Bank, Allahabad Bank, Axis Bank, Sesa Goa and Union Bank of India.
The minimum investment in the scheme is Rs. 5000. There is no entry load into the scheme. Exit Load is 0.75% For < Rs.2 Crores; 0.50% For > = Rs.2 Crores (Effective from 15-Nov-2005). M/s. Karvy Computershare Pvt. Ltd. is the Registrar for this fund.
February 15th, 2008
The UTI Infrastructure Advantage Fund which is in NFO period will be accepting the NFO applications from investors till December 24, 2007. The earlier deadline for this fund is December 19, 2007.
The scheme is a 3 year close-ended equity scheme. The investment objective of the scheme is to provide income distribution and/ or medium to long term “capital appreciation” by investing predominantly in equity / equity related instruments in the companies engaged either directly or indirectly in the infrastructure growth of the Indian economy.
Normally the scheme would put 65% - 100% of the portfolio in equities of companies engaged either directly or indirectly in the infrastructure sector.
Options Available: (i) Growth Option and (ii) Dividend Option with Payout facility.
Offer Price: The units can be purchased at the face value of Rs 10/- per unit during the New Fund Offer period only.
Minimum Investment Amount: Minimum initial investment is Rs. 5,000/- and in multiples of Re.1/- thereafter without any upper limit.
Load Structure:
Entry Load: The scheme being a close- ended scheme, is not permitted to charge an entry load.
Exit Load: NIL. However, an early exit charge equivalent to the unamortized New Fund Offer expenses will be recovered from the investor in case of redemption before expiry of 3 years from the date of allotment. The trustee reserves the right to change the load structure any time on a prospective basis.
December 21st, 2007
UTI Mutual Fund has decided to extend the NFO period of UTI India Lifestyle Fund. The NFO period is supposed to be ending on July 25, 2007 but has been extended till July 30, 2007.
UTI India Lifestyle Fund is a three-year close ended fund that will convert into an open ended fund after the three-year period. Investors can choose between Growth and Dividend Payout options during this three year period. Dividend Payout option will be available only after converting into open ended fund.
The objectives of the fund is to provide long term capital appreciation and / or income
distribution from a diversified portfolio of equity and equity related instruments of
companies that are expected to benefit from changing Indian demographics,
Indian lifestyles and rising consumption pattern.
July 24th, 2007
UTI Mutual Fund has announced a dividend of 35% (i.e Rs. 3.5 per unit of face value of Rs. 10) for unit holders under Dividend option of the UTI Infrastructure Fund. The record date for this will be taken as June 22, 2007.
The dividends of UTI Infrastructure Fund are as follows:
February 2005: 12%
August 2005: 20%
July 2006: 30%
June 2007: 35%
June 21st, 2007
The new fund offer period for UTI Gold Exchange Traded Fund has been extended to March 16.
March 14th, 2007