UTI CCP Advantage Fund revises the load structure for SIP

27 Feb 2009 | 12:30 UTI CCP Advantage Fund revises the load structure for SIP
UTI Mutual Fund revised the load structure for investment routed through Systematic Investment Plan (SIP) under UTI CCP Advantage Fund, with effect from 26 February 2009.

As per the revision, the load structure for the monthly investment upto Rs 3000 and quarterly investment upto Rs 12000 through route of SIP will be as follows:

The scheme will not charge an entry load.

The exit load of 5% will be charged if exited within 2 years from the date of acceptance of each installment. It will charge load of 2.00% if exited on a date on or after 2 years and before 4 years from the date of each installment. 1.00% exit load will be asked if exited on a date on or after 4 years and before 5 years from the date of installments and nil if exited on or after 5 years form the date of each installment.

The load structure for monthly installments greater than Rs 3000 and quarterly installments greater than Rs 12000 through SIP and all investments routed through other than the SIP will attract the existing load structure. The existing load structure is as follows:

The scheme will charge an entry load of 2.25%. The exit load of 4.00% will be charged if redeemed within 1 year. If redeemed between 1 to 3 years, 3.00% of exit load will be charged. It will ask 1.00% of exit load if redeemed between 3 to 5 years and nil after 5 years.

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