UTI Mutual Fund has announced the introduction of Micro Systematic Investment Plan (Micro SIP) under 32 schemes with effect from 28 June 2010.
The eligible schemes are UTI-Balanced Fund, UTI-Banking Sector Fund-Regular Plan, UTI-Bond Fund, UTI-Contra Fund, UTI-Dividend Yield Fund, UTI-Energy Fund, UTI-Equity Fund, UTI-Equity Tax Savings Plan, UTI-Floating Rate Fund-Short Term Plan-Regular Plan-Growth Option, UTI-Gilt Advantage Fund, UTI-G-Sec Investment Plan, UTI-G-Sec Short Term Plan, UTI-Infrastructure Fund, UTI-Leadership Equity Fund, UTI-Liquid Fund Cash Plan-Regular-Growth Option, UTI-Master Plus Unit Scheme, UTI-Master Value Fund, UTI-Mastershare Unit Scheme, UTI-Mid Cap Fund, UTI-MIS Advantage Plan, UTI-MNC Fund, UTI-Monthly Income Scheme, UTI-Money Market Fund-Regular Plan-Growth Option, UTI-Opportunities Fund, UTI-Pharma & Healthcare Fund, UTI-Service Industries Fund, UTI-Short Term Income Fund, UTI-Top 100 Fund, UTI-Transportation & Logistics Fund, UTI-Treasury Advantage Fund-Growth Plan, UTI-Variable Investment Scheme-Index Linked Plan and UTI-Wealth Builder Fund-Series II (Retail Plan).
Minimum installment amounts under Micro SIP shall be Rs 100 and in multiples of Re 1 thereafter.
Under Monthly periodicity: Rs 100 and in multiple of Re 1 thereafter.
Under Quarterly periodicity: Rs 300 and in multiple of Re 1 thereafter.
Installments can be variable subject to a minimum of Rs 100 per installment
Source: http://www.indiainfoline.com/Markets/News/UTI-MF-Introduces-Micro-SIP-under-32-Schemes/3154724496
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