1. Revision in Exit Load under UTI Short Term Income - Institutional Option: Accordingly, the revised exit load for all investments made on or after November 01, 2013 will be: 0.75% if exit within less than or equal to 90 days and 0.50% if exit after 90 days & less than or equal to 180 days.
2. Introduction of the facility of Transfer/Pledge/Assignment of Units:
The facility of transfer of units held under Physical mode and Pledge/Assignment of units issued in both dematerialized (demat) and physical form, for all plans/options of the scheme, is being introduced with effect from November 05, 2013.
Units of the scheme held in demat form are already freely transferable from one demat account to another demat account.
However, the unit holders may pledge/assign units issued both under Demat and Physical form, only in favour of scheduled banks, financial institutions or any other body approved by the UTI Mutual Fund.
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