UTI India Lifestyle Fund NFO now to close on July 30, 2007.
UTI Mutual Fund has decided to extend the NFO period of UTI India Lifestyle Fund. The NFO period is supposed to be ending on July 25, 2007 but has been extended till July 30, 2007.
UTI India Lifestyle Fund is a three-year close ended fund that will convert into an open ended fund after the three-year period. Investors can choose between Growth and Dividend Payout options during this three year period. Dividend Payout option will be available only after converting into open ended fund.
The objectives of the fund is to provide long term capital appreciation and / or incomedistribution from a diversified portfolio of equity and equity related instruments ofcompanies that are expected to benefit from changing Indian demographics,Indian lifestyles and rising consumption pattern.