UTI Children's Career Bond Plan Renamed as UTI CCP Advantage Fund

Effective January 30, 2008, UTI Mutual Fund proposes to change the name of UTI Children's Career Bond Plan to UTI CCP Advantage Fund.

After the proposed conversion, the fund would invest 70 to 100 per cent in equity and equity related instrument and up to 30 per cent in debt and money market instrument.

The fund house has also revised the load structure. From on onward the fund would start charging an entry load of 2.25 per cent. While, an exit load of 1 percent would be charge if the units are repurchased between 3-5 years, 3 percent would be charge if the units are repurchased between 1-3 years and 4 percent would be charge if the units are repurchased within 1 year.

(by value research)