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SCHEME INFORMATION DOCUMENT UTI Mutual Fund UTI SCHEME INFORMATION DOCUMENT UTI – SPrEAD Fund (UTI – Spread between Pr ices of Equity And Derivative Fund) (UTI-SPrEAD is an open-ended equity fund investing in a mix of equity, equity derivatives, debt and money market instruments) The product is suitable for investors who are seeking*: • Capital appreciation and dividend distribution over medium to long term • Takes advantage of arbitrage opportunities in cash and derivative market without taking any directional/ unhedged position in either equity or derivative instruments RISKOMETER _______________________________________________________________________________________ * Investors should consult their financial advisers if in doubt about whether the product is suitable for them UTI Mutual Fund UTI Asset Management Company Limited UTI Trustee Company Private Limited Address of the Mutual Fund, AMC and Trustee Company: UTI Tower, Gn Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. Website: www.utimf.com The particulars of the Scheme have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI, nor has SEBI certified the accuracy or adequacy of the Scheme Information Document (SID). This Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / UTI Financial Centres (UFCs) / Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additional Information (SAI) for details of UTI Mutual Fund, Tax and Legal issues and general information on www.utimf.com . SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest UTI Financial Centre or log on to our website. The Scheme Information Document should be read in conjunction with the SAI and not in isolation. This Scheme Information Document is dated March __, 2017 UTI- SPrEAD Fund TABLE OF CONTENTS Item No. Contents Page No. HIGHLIGHTS 3 I INTRODUCTION A. Risk Factors 5 B. Requirement of minimum investors in the Scheme 10 C. Definitions 10 D. Due Diligence by the Asset Management Company 14 II. INFORMATION ABOUT THE SCHEME A. Type of the Scheme 15 B. What is the investment objective of the Scheme? 15 C. How will the Scheme allocate its assets? 15 D. Where will the Scheme invest? 18 E. What are the Investment Strategies? 23 F. Fundamental Attributes 24 G. How will the Scheme Benchmark its performance? 25 H. Who manages the scheme? 25 I. What are the Investment Restrictions? 26 J. How has the Scheme performed? 28 K. Additional Scheme related disclosures 28 III. UNITS AND OFFER A. Ongoing Offer Details 30 B. Periodic Disclosures 50 C. Computation of NAV 54 IV. FEES AND EXPENSES A. Annual Scheme Recurring Expenses 55 B. Load Structure For All Classes of Investors 57 V. RIGHTS OF UNITHOLDERS 59 VI. PENALTIES, PENDING LITIGATION OR 60 PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY 2 UTI- SPrEAD Fund Highlights: Investment Objective The investment objective of the scheme is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in Equity & Equity related securities, derivatives and the balance portion in debt securities. However, there can be no assurance that the investment ob jective of the scheme will be realised. Liquidity The schemes will offer subscription and redemption of units on every business day on an ongoing basis. Benchmark CRISIL Liquid Fund Index Transparency/NAV NAV will be declared and disclosed on every business day. Disclosure Loads Entry Load Exit Load (As % of NAV) (As % of NAV) 0.50% if exited on or before NIL 30 days from the date of investment. Plans & Options In addition to the Existing Plan, the Scheme offers a *Direct Available Plan. Both the Plans provide for Growth and Dividend Options i) Growth Option – Ordinarily under this option no dividend distribution will be made and all accrued and earned income will be ploughed back and reflected through growth in the NAV. ii) Dividend Option with Payout and Reinvestment facilities In case of valid applications received, without indicating any choice of the Option, it would be considered as Growth option and processed accordingly. The NAVs of the two options will be different and separately declared, the portfolio of investment remaining the same. *Direct Plan: Direct Plan is only for investors who purchase/subscribe units directly with the Fund and is not available for investors who route their investments through a Distributor. All categories of Investors (whether existing or new Unitholders) as permitted under this SID are eligible to subscribe under Direct Plan. Investments under the Direct Plan can be made through various modes (except all Platform(s) where investor’s applications for subscription of units are routed through Distributors). The Direct Plan will be a separate plan under the Fund/Scheme and shall have a lower expense ratio excluding distribution expenses, commission etc and will have a separate NAV. No commission shall be paid/charged from Direct Plan. Portfolio of the Scheme under the Existing Plan and Direct Plan will be common. 3 UTI- SPrEAD Fund How to apply: Investors subscribing under Direct Plan of UTI- Spread Fund will have to indicate “Direct Plan” against the Scheme name in the application form, as for example. “UTI- Spread Fund - Direct Plan”. Treatment of applications under "Direct" / "Existing" Plans: Scenario Broker Code Plan Default Plan mentioned by the mentioned by to be investor the investor captured 1 Not mentioned Not mentioned Direct Plan 2 Not mentioned Direct Direct Plan 3 Not mentioned Existing Direct Plan 4 Mentioned Direct Direct Plan 5 Direct Not Mentioned Direct Plan 6 Direct Existing Direct Plan 7 Mentioned Existing Existing Plan 8 Mentioned Not Mentione d Existing Plan In cases of wrong/ invalid/ incomplete ARN codes mentioned in the application form under scenarios 7 or 8 above, the application shall be processed under Existing Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under ‘Direct Plan’ from the date of application without any exit load. For further details on Direct Plan, please refer to SAI. Minimum Amount of Minimum initial investment is ` 5,000/- under both the plans. Investment Subsequent minimum investment under a folio is ` 1,000/- and in multiples of ` 1/- thereafter with no upper limit. 4 UTI- SPrEAD Fund I. INTRODUCTION A. RISK FACTORS Standard Risk Factors 1. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. 2. As the price / value / interest rates of the securities in which the scheme invests fluctuates, the value of your investment in the scheme may go up or down. 3. Past performance of the Sponsors/AMC/Mutual Fund does not guarantee future performance of the scheme. 4. The name of the scheme does not in any manner indicate either the quality of the scheme or its future prospects and returns. 5. The sponsors are not responsible or liable for any loss resulting from the operation of the scheme beyond the initial contribution of `10,000/- made by them towards setting up the Fund. 6. The present scheme is not a guaranteed or assured return scheme . 7. Statements/Observations made are subject to the laws of the land as they exist at any relevant point of time. 8. Growth, appreciation, dividend and income, if any, referred to in this Scheme Information Document are subject to the tax laws and other fiscal enactments as they exist from time to time. 9. The NAVs of the Scheme may be affected by changes in the general market conditions, factors and forces affecting capital market, in particular, level of interest rates, various market related factors and trading volumes, settlement periods and transfer procedures. 10. The liquidity of the Scheme’s investments is inherently restricted by trading volumes in the securities in which it invests. 11. Mutual Funds being vehicles of securities investments are subject to market and other risks and there can be no guarantee against loss resulting from investing in schemes. The various factors which impact the value of scheme investments include but are not limited to fluctuations in the equity and bond markets, fluctuations in interest rates, prevailing political and economic environment, changes in government policy, factors specific to the issuer of securities, tax laws, liquidity of the underlying instruments, settlement periods, trading volumes etc. and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. 12. As the liquidity of the Scheme’s investments could at times, be restricted by trading volumes and settlement periods, the time taken by the Fund for redemption of units may be significant in the event of an inordinately large number of redemption requests or of a restructuring of the Scheme’s portfolio. In view of this the Trustee has the right, in sole discretion to limit redemptions (including suspending redemption) under certain circumstances, as described under the section titled “Right to limit Redemptions” in SAI.
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