UTI Medium Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was introduced to investors on 31 Mar 2015. Amandeep Chopra, Ritesh Nambiar is the Current Fund Manager of UTI Medium Term Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹291 Cr and the Latest NAV as of 20 Sep 2019 is ₹14.32.
The UTI Medium Term Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months..
Investment Objective
The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high quality debt.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months.
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