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Tuesday, December 30, 2008

UTI MF declares dividend under Short Term FMP

Record date for dividend is 05 January 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series I-X (90 days). The record date for the declaration of dividend is 05 January 2009. 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 was at Rs 10.2567 per unit and institutional plan was at Rs 10.2599 per unit on 26 December 2008.

UTI Short Term Fixed Maturity Plan-Series I-X is a close-ended income scheme with an investment objective to generate regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.

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