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Thursday, January 01, 2009

UTI MF declares dividend under Fixed Income Interval Fund

Record date for dividend is 07 January 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund Series II-Quarterly Interval Plan VII. The record date for the declaration of dividend is 07 January 2009.

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 for the scheme for both retail and institutional plan was at Rs. 10.2507 and Rs 10.2539 per unit, respectively as on 30 December 2008.

UTI Fixed Income Interval Fund Series II-Quarterly Interval Plan VII is an interval scheme with income oriented portfolio consisting of G-sec and other fixed income and debt securities. 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.

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