Tamil Nadu - Coimbatore   

New schemes

Staff Reporter

COIMBATORE: UTI Mutual Fund launched two new schemes here recently. UTI Capital Protection Oriented Scheme - Series I, which closes on January 25, is a close-ended capital protection oriented scheme with two plans - three years plan and five years plan.

R. Raja, Senior Vice-President of UTI Asset Management Company, said the scheme tried to protect capital by investing in high quality fixed income securities.

The scheme is open to resident individuals, institutions and eligible trusts besides non-Resident Indians and FIIs.

UTI Long Term Advantage Fund, which closes on March 20, is a 10-year close-ended equity linked savings scheme with a redemption facility after an initial lock-in period of three years, to provide medium to long-term capital appreciation with income tax benefit.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Demolition on Cross-Cut Road takes traders by surprise
Students prepare biodiversity register
High attrition rate worries industries
New schemes
Inauguration of students' league
Placement camp
Around the City
In Coimbatore Today

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu