UTI Mutual Fund today announced the launch of the UTI Wealth Builder Fund in Uttaranchal, likely to attract 3-4 lakh investors across the country. | |
| Through the new scheme UTI managers are hoping to collect Rs 1,500 crore. |
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| "The scheme, which opened on September 7, will close on October 11," UTI Asset Management Company Pvt Ltd Senior Vice-President (Sales and Marketing) S Ganesh said during a roadshow for the new scheme in Dehra Dun. |
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| The UT Wealth Builder Fund is a close-ended equity scheme with a maturity period of five years, with automatic conversion into an open-ended scheme upon maturity. |
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| "The aim of the scheme is to achieve long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments," Ganesh said. |
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