UTI Monthly Income Scheme Direct Growth

UTI Monthly Income Scheme Direct Growth is a Hybrid Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was made available to investors on 14 Nov 2002. V Srivatsa, Amandeep Chopra is the Current Fund Manager of UTI Monthly Income Scheme Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,58,723 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 set to ₹500. Exit load of 1% if redeemed within 1 year ;

Investment Objective

An open-ended debt oriented fund investing a minimum of 90% in Debt and G-sec and a maximum of 15% in equity instruments. The fund aims to distribute income periodically best suited to the investors who are looking for regular income with relatively low level of risk appetite. Also suitable to meet the requirements of corporate and institutional investors with surplus funds. ;