UTI Monthly Income Scheme Direct Growth is a Hybrid Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. V Srivatsa, Amandeep Chopra is the Current Fund Manager of UTI Monthly Income Scheme Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹261 Cr and the Latest NAV as of 02 May 2018 is ₹36.26.
The UTI Monthly Income Scheme Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year.
Investment Objective
The scheme aims at distributing income periodically.
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
Exit load of 1% if redeemed within 1 year
Exit Load