22
Apr
‘UTI Treasury Advantage Fund’ that has been launched by the Unit Trust of India (UTI), follows an accrual-oriented strategy by investing 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, revealed UTI sources. A UTI spokesperson said, “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…