UTI retirement pension fund has dominated the industry over the years due to the advantages it offers. So, what is UTI retirement benefit pension fund. I will explain the meaning in simple terms below.
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UTI Retirement Benefit Pension Fund is an open-ended retirement scheme that has a minimum 5-year lock-in period or till the investor’s retirement age and it depends on whichever is first. As per the description of the scheme, the maximum amount can be invested in debt instruments and money market instruments. This will include 60% to 100% of the total assets. The other half will be invested in equity and equity-related instruments and units approved by InvITs and REITs.
The main objective of UTIs is to generate a regular source of income for shareholders after their retirements. But there is also a risk since there is no guarantee that the investment objectives that are mentioned will be met 100% of the time.
Features of UTI Retirement Benefit Pension fund:| Type of fund | Open ended retirement solution oriented scheme |
Plans available |
|
Systematic Investment Plan |
Available |
Systematic Transfer Investment Plan |
Available as destination scheme |
Systematic Withdrawal Plan |
Available |
I hope I was able to clear your doubt regarding the UTI retirement benefit pension fund.
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What is UTI retirement benefit pension fund?
Bruno
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2 Year
2022-09-15T10:51:59+00:00 2022-09-15T12:01:29+00:00Comment
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