UTI Mutual Fund merges schemes

UTI Mutual Fund has announced merger of S&P CNX Nifty UTI Notional Depository Receipt and UTI-Master Index Fund with UTI-Nifty Index Fund.

This will take effective from 14th March 2012.

Accordingly, all the existing unit holders of S&P CNX Nifty UTI Notional Depository Receipt or SUNDER and UTI-Master Index Fund who are not in agreement with the merger may redeem their units at the prevailing NAV without payment of any exit load until 14th March 2012.