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UTI Infrastructure Advantage NFO to close on December 24

December 21st, 2007

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.

Entry Filed under: Mutual Funds, NFO, UTI MF