We are pleased to inform launch of UTI Fixed Maturity Plan - Yearly FMP Series - April 2011 : YFMP (04 / 11).
YFMP ( 04 / 11) opens on Monday, April 18, 2011 and closes on April 25, 2011 (Monday)
Please note that this is a scheme with a tenor of 396 days. The scheme will mature on Friday, May 25, 2012. In case May 25, 2012 is a non-business day, then the scheme will mature on the next business day.
The scheme will be listed on the National Stock Exchange and hence withdrawal before maturity is not permitted in this scheme. Also the Minimum Target Amount (proposed to be raised) has been increased to Rupees Ten Crores from Rupees One Crore. In other words, if YFMP 04/11 does not collect Rs 10 crores, then the entire money collected under the scheme would be refunded.
There are 2 plans - retail and Institutional.
PLEASE NOTE THAT ALL 1 CR AND ABOVE APPLICATIONS NEED TO CLEARLY MENTION THE PLAN AND THE OPTION.
The application form is attached herewith.
