Launch of UTI Long Term Advantage Fund - Series IV (A 10 year Close-ended Equity Linked Savings Scheme) New Fund Offer (NFO)
| NFO Opens On: | Monday, October 10, 2016 |
| NFO Closes On: | Wednesday, January 18, 2017 |
| Date of Allotment of Units: | Wednesday, January 25, 2017 |
| Opens for Redemption on: | Monday, January 27, 2020 (25th & 26th being non-business days) |
| Date of Maturity: | Monday, January 25, 2027 |
| The Key Features of the Scheme: | |
| Scheme Name | UTI Long Term Advantage Fund - Series IV |
| Type of the scheme | A 10 year Close-ended Equity Linked Savings Scheme |
| Tenure | 10 years with a lock in period of 3 years. |
| Investment Objective | The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit. However, there can be no assurance that the investment objective of the Scheme will be realized. |
| Fund Manager | Shri Lalit Nambiar |
| Benchmark | S&P BSE 100 |
| Min. Application Amount | Rs 500/- and in multiples of Rs 500/- thereafter with no upper limit |
| Load Structure | Entry Load: NA Exit Load: Nil As per ELSS guidelines redemption of units will be allowed after an initial Lock-in-Period of 3 years from the date of allotment. |
| Face Value | Rs. 10/- per unit |
| Options Available | Regular & Direct |
| Plans Available | Growth & Dividend Option with Payout Option only |
Why should one invest in UTI Long Term Advantage Fund - Series IV?
- An ideal plan Long Term Wealth Creation
- Tax rebate upto Rs. 1,50,000/- under section 80C of IT Act, 1961
- No tax on long-term gains, as per the present tax laws
- Option of withdrawal after 3 years from the date of allotment, gives the benefit of liquidity.
- An ideal plan Long Term Wealth Creation
- Tax rebate upto Rs. 1,50,000/- under section 80C of IT Act, 1961
- No tax on long-term gains, as per the present tax laws
- Option of withdrawal after 3 years from the date of allotment, gives the benefit of liquidity.
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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