Uniform cut-off timings for applicability of NAV of schemes

Company Name(s): 

Addendum ______
No. - 40/2010-11 December 3, 2010
Uniform cut-off timings for applicability of Net Asset Value (NAV) of schemes(s)/plan(s)
Pursuant to SEBI Circular bearing no. Cir/IMD/DF/19/2010 dated November 26 ,2010 on
uniform cut-off timings for applicability of NAV for Liquid Schemes/Plans and the Income/Debt
Oriented Schemes/Plans, the following changes are effected in the cut-off timings and
applicability of NAV for purchase/switch-in in respect of the below mentioned schemes/Plans of
UTI Mutual Fund under the Item No. III “Units and Offer” sub-item “A. Ongoing Offer Details”
para on ‘Cut-off timing for subscriptions/redemptions/switches’ in the Scheme Information
Document(s) (SID) and Para on ‘Applicable NAV’ under “Features Common to all Schemes” in
the Key Information Memorandum(s) (KIM), with effect from December 6, 2010.
A. For Liquid Schemes / Plans:
1. UTI-Liquid Cash Plan and
2. UTI-Money Market Fund
B. For Income/Debt Oriented Schemes / Plans:
1. UTI-Bond Fund;
2. UTI-Dynamic Bond Fund;
3. UTI-Unit Scheme for Charitable & Religious Trusts & Registered Societies;
4. UTI-Fixed Income Interval Fund - Series I;
5. UTI-Fixed Income Interval Fund - Series II;
6. UTI-Floating Rate Fund - STP;
7. UTI-Gilt Advantage Fund;
8. UTI-G-Sec Fund Investment Plan;
9. UTI-G-Sec Fund Short Term Plan;
10.UTI-Treasury Advantage Fund;
11.UTI-Mahila Unit Scheme;
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12.UTI-MIS-Advantage Plan;
13.UTI-Monthly Income Scheme; and
14.UTI-Short Term Income Fund.
A. For Liquid Schemes / Plans:
a. Purchase:
i. where the application is received upto 2.00 p.m. on a day and funds are available for
utilization before the cut-off time without availing any credit facility, whether, intra-day or
otherwise – the closing NAV of the day immediately preceding the day of receipt of
application;
ii. where the application is received after 2.00 p.m. on a day and funds are available for
utilization on the same day without availing any credit facility, whether, intra-day or
otherwise – the closing NAV of the day immediately preceding the next business day ;
and
iii. irrespective of the time of receipt of application, where the funds are not available for
utilization before the cut-off time without availing any credit facility, whether, intra-day or
otherwise – the closing NAV of the day immediately preceding the day on which the
funds are available for utilization.
b. For allotment of units in respect of purchase:
i. Application is received before the applicable cut-off time.
ii. Funds for the entire amount of subscription/purchase as per the application are credited
to the bank account of the respective liquid schemes before the cut-off time. The time of
credit to the scheme account will only be considered irrespective of time of debit to the
investors account.
iii. The funds are available for utilization before the cut-off time without availing any credit
facility whether intra-day or otherwise, by the respective liquid schemes.
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c. For allotment of units in respect of switch-in :
i. Application for switch-in is received before the applicable cut-off time.
ii. Funds for the entire amount of subscription/purchase as per the switch-in request are
credited to the bank account of the respective switch-in liquid schemes before the cut-off
time.
iii. The funds are available for utilization before the cut-off time without availing any credit
facility whether intra-day or otherwise, by the respective switch-in schemes.
B. For Income/Debt Oriented Schemes / Plans: (Other than Liquid Schemes/Plans) – For
amount equal to or more than Rs.1 Crore
a. For allotment of units in respect of purchase:
i. Application is received before the applicable cut-off time.
ii. Funds for the entire amount of subscription/purchase as per the application are credited
to the bank account of the respective schemes before the cutoff time. The time of credit
to the scheme account will only be considered irrespective of time of debit to the
investors account.
iii. The funds are available for utilization before the cut-off time without availing any credit
facility whether intra-day or otherwise, by the respective scheme.
b. For allotment of units in respect of switch-in:
i. Application for switch-in is received before the applicable cut-off time.
ii. Funds for the entire amount of subscription/purchase as per the switch-in request are
credited to the bank account of the respective switch-in income/debt oriented mutual
fund schemes/plans before the cut-off time.
iii. The funds are available for utilization before the cut-off time without availing any credit
facility whether intra-day or otherwise, by the respective switch-in income/debt oriented
mutual fund schemes/plans.
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Addendum ______
The aforesaid provisions shall also apply to systematic transactions i.e. Systematic Investment
Plan (SIP), Systematic Transfer Investment Plan (STRIP) and Dividend Transfer Plan (DTP) of
the above mentioned schemes.
All other features, terms and conditions contained in the SID/KIM of the respective schemes will
remain unchanged.
This addendum is an integral part of the SID / KIM of the respective schemes and should be
read in conjunction with the SID/ KIM.
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.
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