UTI Mutual launches new infrastructure fund

UTI Mutual Fund on Monday says it has launched a new fund scheme called UTI-Infrastructure Advantage Fund-Series I.

UTI Mutual Fund on Monday said it had launched a new fund scheme called UTI-Infrastructure Advantage Fund-Series I.

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The 3-year close-ended fund opens November 12 and closes December 19 and will invest in sectors including construction, energy, engineering, metals, power, telecoms, transport and airports, the fund house said in a statement.

A minimum investment of 5,000 rupees has been set for the fund with no entry or exit loads, UTI added.