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Friday, December 26, 2008

UTI MF declares dividend under Short Term FMP

Record date for dividend is 31 December 2008

UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series I-V (140 days). The record date for the declaration of dividend is 31 December 2008. The dividend will be offered for both retail and institutional plan.

The quantum of dividend will be 100% of distributable surplus available on the record date on face value of Rs. 10 per unit. The NAV of retail and institutional plan was at Rs. 10.2508 per unit on 23 December 2008.

UTI Short Term Fixed Maturity Plan-Series I-V launched in August 2008, is a close-ended income scheme with scheme tenure of 140 days. The investment objective of the scheme is generating regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.

The fund will charge exit load of 1% if redeemed before maturity.

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