UTI Regular Savings Fund Direct Monthly Payment is a Hybrid Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Amandeep Chopra, Ajay Tyagi is the Current Fund Manager of UTI Regular Savings Fund Direct Monthly Payment.The fund currently has an Asset Under Management(AUM) of ₹2,346 Cr and the Latest NAV as of 14 Oct 2019 is ₹41.88.
The UTI Regular Savings Fund Direct Monthly Payment is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For more than 10% of investments 1% will be charged if redeemed within 12 months.
Investment Objective
To generate regular income through investments in fixed income securities and capital appreciation through investment of portion of assets of the scheme in equity and equity related instruments so as to endeavour to make periodic income distribution to unit holders
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 more than 10% of investments 1% will be charged if redeemed within 12 months
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