FUND PICK: UTI Bond Fund
Returns at a reasonable cost and low volatility make UTI Bond Fund a good buy
Background: UTI Bond Fund is among a few medium-term debt funds that come with a minimum investment of Rs 1,000.
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The fund charges a contingent deferred sales load of 0.50 per cent for redemptions made within 90 days of investment.
Performance: UTI Bond rarely tops its category when the going is good, but it is less likely to take a severe hit during tough times.
Given the fund