Introduction of Weekly periodicity under STRIP facility No.-8/2011-12

Company Name(s): 

Addendum No. - 8/2011-12 June 14, 2011

Registered Office: UTI Tower, „Gn‟ Block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051. Phone: 022- 66786666

Website: www.utimf.com

Introduction of Weekly periodicity under Systematic Transfer Investment Plan (STRIP) facility

Under the existing list of schemes / plans, weekly periodicity under STRIP facility is being introduced which is in addition to Daily / Monthly / Quarterly periodicity, on a prospective basis with immediate effect.
1. The list of Schemes / Plans (hereinafter referred to as „Schemes‟) wherein STRIP is available, is as under:
Source Schemes
Destination Schemes (To any one of the schemes)
UTI Liquid Fund Cash Plan UTI Money Market Fund UTI Floating Rate Fund (Short Term Plan) UTI-Treasury Advantage Fund UTI-Monthly Income Scheme UTI-MIS Advantage Plan UTI-Short Term Income Fund UTI-Bond Fund UTI-G-Sec Investment Plan UTI-G-Sec Short Term Plan UTI-Gilt Advantage Fund – LTP UTI-Dynamic Bond Fund
UTI Mastershare Unit Scheme
UTI Masterplus Unit Scheme
UTI Equity Fund
UTI Contra Fund
UTI Infrastructure Fund
UTI Dividend Yield Fund
UTI Services Industries Fund
UTI Master Value Fund
UTI Mid Cap Fund
UTI Leadership Equity Fund
UTI Top 100 Fund
UTI MNC Fund
UTI Opportunities Fund
UTI Banking Sector Fund
UTI Energy Fund
UTI Pharma & Healthcare Fund
UTI Transportation and Logistics Fund
Addendum ______
Registered Office: UTI Tower, „Gn‟ Block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051. Phone: 022- 66786666
Website: www.utimf.com
UTI Equity Tax Savings Plan
UTI Master Index Fund
UTI Nifty Index Fund
UTI Wealth Builder Fund Series-II
UTI Balanced Fund
UTI-CCP Advantage Fund UTI Children‟s Career Plan (Balanced)
UTI Mahila Unit Scheme
UTI Retirement Benefit Pension Fund UTI-Unit Scheme for Charitable and Religious Trusts and Registered Societies UTI-India Lifestyle Fund
2. The following changes are effected in the terms and conditions of STRIP mentioned under the Item No. II “How to apply?” para “12. Systematic Transfer Investment Plan (STRIP)” of the Statement of Additional Information (SAI).
Clause No.
Existing
Proposed
b.
Periodicity of transfer: STRIP facility is offered with the following periodicity Daily, Monthly and Quarterly
Periodicity of transfer: STRIP facility is offered with the following periodicity: Daily, Weekly, Monthly and Quarterly. Weekly STRIP will not be allowed, if the STRIP under the folio is already registered with any other frequency (Daily / Monthly / Quarterly).
d.
Date of transfer: Unitholders will be eligible to transfer a fixed amount on daily basis i.e on every business day, on a pre-specified date i.e. 1st or 7th or 15th
Date of transfer: Unitholders will be eligible to transfer a fixed amount on daily basis i.e. on every business day; on specified date i.e. 1st, 7th, 15th, & 25th of each month under Weekly
Addendum ______
Registered Office: UTI Tower, „Gn‟ Block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051. Phone: 022- 66786666
Website: www.utimf.com
or 25th of each month under the Monthly Periodicity and on 1st or 7th or 15th or 25th of each quarter under the Quarterly Periodicity.
periodicity; on a pre-specified date i.e. on 1st or 7th or 15th or 25th of each month under the Monthly periodicity and on 1st or 7th or 15th or 25th of the first month of each quarter, under Quarterly periodicity. If that day being a holiday, next business day would be considered for the transaction.
e.
Minimum amount of transfer: The minimum amount to be transferred is Rs.100/- per business day under Daily Periodicity, Rs.1,000/- under the Monthly Periodicity and Rs.3,000/- under the Quarterly Periodicity.
Minimum amount of transfer: The minimum amount to be transferred is Rs.100/- per business day under Daily Periodicity; Rs.500/- under the Weekly Periodicity; Rs.1,000/- under the Monthly Periodicity and Rs.3,000/- under the Quarterly Periodicity.
f.
Maximum amount of transfer: There is no upper limit for transfer under both the periodicities.
Maximum amount of transfer: There is no upper limit for transfer under all the periodicities.
g.
Number of STRIPS: The minimum number of STRIP will be 20 under Daily Periodicity, 12 under Monthly Periodicity and 4 under Quarterly Periodicity. There will be no upper limit.
Minimum number of STRIP: Minimum number of STRIP will be 20 under Daily Periodicity, 24 under Weekly Periodicity, 12 under Monthly Periodicity and 4 under Quarterly Periodicity. There will be no upper limit. If the minimum number is not mentioned, then by default, the transaction to be continued till the amount in the source scheme gets exhausted.
i.
Load: The entry load and exit load will be applicable as mentioned in the Scheme Information Document of the respective Schemes.
Load: Load structure existing at the time of investment under source / destination scheme will be applicable under the respective schemes.
j.
Termination of STRIP: STRIP will
Termination of STRIP: STRIP will automatically
Addendum ______
Registered Office: UTI Tower, „Gn‟ Block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051. Phone: 022- 66786666
Website: www.utimf.com
automatically get terminated under the following conditions:
 The unit holdings under the source scheme becomes nil or lower than minimum amount to be transferred as stipulated.
 In the case of death of the first unit holder.
 If the unit holder wishes to terminate at any time by sending a written request to UTI UFCs / Scheme registrar offices. Such notice will have to be sent at least 15 days prior to the due date of the next transfer date.
 If lien or pledge or STOP is marked against the units in the source scheme.
get terminated under the following conditions:
 The unit holdings under the source scheme becomes nil or lower than minimum amount to be transferred as stipulated.
 In the case of death of the first unit holder.
 If the unit holder wishes to terminate at any time by sending a written request to official point of acceptance. Such notice will have to be sent at least 15 calendar days prior to the due date of the next transfer date.
 If lien or pledge or STOP is marked against the units in the source scheme.
k.
The provision of “Minimum Application Amount” and “Minimum Redemption Amount” if specified in the respective Scheme Information Document (SID) of source and destination scheme will not be applicable in the case of transaction through STRIP. However, on termination of STRIP, if the balance in the destination scheme is found to be below the minimum amount as per the provisions of scheme, the same will be redeemed at the redemption price
The provision of “Minimum Application Amount” and “Minimum Redemption Amount” if specified in the respective scheme information document of the source and destination scheme will not be applicable in the case of transaction through STRIP. If the residual amount in source Scheme is less than the scheme minimum amount, then the residual amount will be included in the last STRIP installment. However, on termination of STRIP, if the balance in the destination scheme is found to be below the minimum amount as per the
Addendum ______
Registered Office: UTI Tower, „Gn‟ Block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051. Phone: 022- 66786666
Website: www.utimf.com
applicable on the effective date of termination under the conditions stated in 11.k. above.
provisions of scheme, the same will be redeemed at the redemption price applicable on the effective date of termination under the conditions stated in 12.j. above.
l.
STRIP request will not be registered for a folio, if it is already under Systematic Investment Plan (SIP), Monthly Withdrawal Plan (MWP) or Fixed Withdrawal Plan (FWP).
STRIP request will be registered for a folio, even if it is already under Systematic Investment Plan (SIP), Monthly Withdrawal Plan (MWP) or Fixed Withdrawal Plan (FWP).
Other terms and conditions of the schemes as well as of STRIP as mentioned in the Statement of Additional Information (SAI) / Scheme Information Document (SID) / STRIP Enrolment Form will remain unchanged. UTI AMC reserves the right to change /modify the terms and conditions of STRIP facility at any time. This addendum is an integral part of the SAI and SID / Key Information Memorandum (KIM) of the above schemes / STRIP Enrolment Form and should be read in conjunction with the SAI/SID/ KIM / STRIP Enrolment Form. For UTI Asset Management Company Limited Sd/- Authorised Signatory In case you require any further information, please contact the nearest Financial Centre of UTI AMC.