17
Jun
With an aim to generate reasonable income with lower volatility over the short-term, UTI Treasury Advantage Fund follows an accrual-oriented strategy by investing in a well-diversified portfolio of debt and money market instruments. UTI Treasury Advantage 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. It may be mentioned here that in the recent monetary policy announcement (as was widely expected), the MPC voted unanimously to continue accommodative stance and to maintain the repo rate at 4.00%. The Governor also announced the third tranche…