Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Opinion / Online-views/  UTI mutual raises stock exposure limit in hybrid fund
BackBack

UTI mutual raises stock exposure limit in hybrid fund

UTI mutual raises stock exposure limit in hybrid fund

Premium

Mumbai: UTI Asset Management Co. (P) Ltd. said on Wednesday (4 July) it will alter the asset allocation pattern of UTI-Monthly Income Scheme, allowing it to invest more in stocks.

The asset manager said it would raise the maximum permissible exposure to equities to 15% of the assets from 10% with effect from 3 August.

Investors not keen on the change can redeem their investment without exit load.

The fund house managed assets worth about Rs390 billion at the end of June, data from Association of Mutual Funds in India showed.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 04 Jul 2007, 06:48 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App