UTI Mutual Fund AMC has filed papers with SEBI for the launch of the UTI Gilt Fund – 10 Year Constant Maturity with SEBI. This new gilt fund from UTI MF will mainly invest in government securities with constant maturity of 10 years with the objective of generating risk-free returns for investors. It will feature zero exit load and can therefore be invested in or redeemed on any business day without additional charges.
The UTI Gilt Fund – 10 Year Constant Maturity scheme will be benchmarked against the CRISIL 10 Year Gilt Index which tracks the performance of 10 year benchmark government security. CRISIL data shows that the 3 and 5 year returns of the CRISIL 10 Year Gilt Index are 6% and 6.41% respectively.
The new gilt mutual will be managed by Sudhir Agarwal. He currently manages the UTI Treasury Advantage Fund, the UTI Short Term Income Fund and the UTI Banking & PSU Debt Fund. Among these the UTI Banking & PSU Debt Fund is among the top rated funds in its category.
Key Details of the UTI Gilt Fund – 10 Year Constant Maturity
| Minimum Subscription | Rs. 5000 |
| Benchmark | CRISIL 10 Year Gilt Index |
| Fund Manager | Sudhir Agarwal |
| Options | Growth,Quarterly/Half Yearly/Annual/Flexi Dividend (Payout/Reinvest) |