UTI Money Market Fund Direct Dividend Fortnightly is a Debt Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was introduced to investors on 18 Oct 2015. Amandeep Chopra, Amit Sharma is the Current Fund Manager of UTI Money Market Fund Direct Dividend Fortnightly.The fund currently has an Asset Under Management(AUM) of ₹6,472 Cr and the Latest NAV as of 16 Aug 2019 is ₹1250.7.
The UTI Money Market Fund Direct Dividend Fortnightly is rated Moderately Low risk. Minimum SIP Investment is 10000. Minimum Lumpsum Investment is 10000. Nil.
Investment Objective
The investment objective of the scheme is to generate reasonable income with high level of liquidity by investing in a portfolio of money market instruments.
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)
₹10000
Min for First Investment
₹1000
Min for Second Investment