Mutual Fund News : UTI Mutual Fund Introduces – UTI Long Duration Fund

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UTI Mutual Fund has launched – UTI Long Duration Fund

It is an open-ended debt scheme investing in instruments such that the Macaulay duration of the portfolio is greater than 7 years. Relatively High Interest rate risk and Relatively Low Credit Risk.

Accordingly, the investment objective of the scheme aims to generate optimal returns with adequate liquidity by investing in a portfolio of debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Under normal circumstances, UTI Long Duration Fund will hold an allocation of 0% to 100% of its assets in Debt and Money Market Instruments.

As per the Scheme Information Document, UTI Long Duration Fund aims to identify securities with optimal risk return balance. An appropriate mix of debt market securities and money market securities will be used to achieve this. The scheme will invest in Debt & Money Market Instruments such that the Macaulay duration of the portfolio is greater than 7 years.

UTI Long Duration Fund’s performance will be benchmarked against CRISIL Long Duration Fund AIII Index

The scheme will be managed by Mr Sunil Patil and Mr Deepesh Agarwal.

The NFO opens for subscription on March 06, 2023, and closes on March 15, 2023. The schemes will reopen for continuous sale and repurchase on March 21, 2023.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.