The Unit Trust of India (UTI) after a gap of about two-and-a-half years is introducing a new scheme. The trust is launching UTI Regular Income Scheme (UTI-RIS), its first open-ended debt-oriented scheme with no assured returns.
According to senior officials, the scheme aims at distributing returns periodically and is open to resident individuals, institutions, as well as expats and overseas corporate bodies.
The trust will sell units at face value of Rs 10 per unit and the minimum investment is Rs 10,000 with subsequent investment in multiples of Rs 1,000. The scheme will offer two options
