20
Apr
‘UTI Treasury Advantage Fund’ launched by Unit Trust of India (UTI) follows an accrual-oriented strategy. It invests in a well-diversified portfolio of debt and money market instruments with an aim to generate reasonable income with lower volatility over the short-term. The fund primarily invests in commercial papers, certificate of deposits and low duration corporate bonds along with tactical exposure to government securities, according to UTI sources. A UTI spokesperson mentioned that in the recent monetary policy announcement, MPC gave a state based guidance rather than a time based guidance by mentioning to maintain accommodative stance as long as necessary to…
