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Friday, December 26, 2008

UTI MF declares dividend for its various funds

Record date for dividend is 31 December 2008

UTI Mutual Fund has announced dividend under dividend option of below mentioned schemes. The record date for the declaration of dividend is 31 December 2008.

UTI Bond Fund

The fund house has decided to offer 4% i.e. Re 0.40 per unit as dividend on face value of Rs. 10 per unit. The NAV for the scheme was at Rs. 12.2616 per unit as on 23 December 2008.

UTI Bond Fund launched May 1998 with an investment objective to provide regular savings facility, easy liquidity, and attractive post-tax returns through capital gains. The entire investment of the fund is in debt and money market instruments with low to medium risk profile.

UTI G-Sec Investment Plan

The Fund house has decided to offer 3% i.e. Rs 0.30 per unit as dividend amount. The NAV of the scheme recorded at Rs 12.1752 per unit as on 23 December 2008.

UTI G-Sec Investment Plan, an open ended gilt fund was launched in August 1999. The objective of the scheme is to generate risk free return in the form of income or capital appreciation through investments in Central and State Government securities of averaging maturities and call money, treasury bills, and repos.

UTI Gilt Advantage Fund

The Fund house has declared dividend under UTI Gilt Advantage Fund with its Long Term Plan (LTP) and Provident Fund Plan. The UTI Fund House will declare dividend rate at 4% i.e. Rs 0.40 per unit on face value of Rs 10 per unit for UTI Gilt Advantage Fund-LTP and UTI Gilt Advantage Fund -Provident Fund Plan. The NAV of UTI Gilt Advantage Fund-LTP was posted Rs 13.2426 & of UTI Gilt Advantage Fund -Provident Fund Plan was at Rs 13.1760 as on 23 December 2008.

UTI Gilt Advantage Fund, an open ended gilt fund was launched in January 2001, aims to generate credit risk free return through investment in sovereign securities issued by the Central Government and/or State Government and/or any security unconditionally guaranteed by the Central Government and/or State Government for repayment of principal and interest.

UTI Liquid Plus Fund-Quarterly Dividend Plan

The quantum of dividend will be at 1.50% i.e. Rs 15.00 per unit on face value of Rs 1000 per unit for UTI Liquid Plus Fund-Quarterly Dividend Plan. The NAV of the scheme was posted at Rs 1259.6085 as on 23 December 2008.

UTI Liquid Plus Fund, an open ended income fund was launched in June 1999, aims to generate an attractive returns with capital preservation and liquidity by investing in a portfolio of quality debt securities, money market instruments and structured obligations.

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