Bangalore, Nov 12 (UNI) UTI-Infrasatructure Advantage Fund-Series I of the UTI Mutual Fund would be open for public from tomorrow.
The Series with minimum investment of Rs 5000 with no upper limit limit, closes on December 19. Units of Rs 10 each can be purchased during New Fund Offer period only, UTI AMC Senior Vice President S Ganesh told newsmen here today.
He said, "Infrastructure sector plays an important role in country's development and GDP growth. To enable investors to capitalise on the boom in Infrastructure sector the UTI Mutual fund is launching this new scheme".
He said that the scheme would offer for redemption and switch out of units within six months from the closure of the New Fund Offer and thereafter on an ongoing basis at NAV based prices on every business day.