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Wednesday, January 14, 2009

UTI MF declares dividend under Fixed Income Interval Fund

Record date for dividend is 20 January 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund- Series II Quarterly Interval Plan-IV. The record date for the declaration of dividend is 20 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. 10.2226 per unit as on 12 January 2009.

The fund will not ask exit load for redemptions during specified transaction period. Redemptions other than specified transaction period will attract 1.00% exit load. The specified transaction date will be 20 January 2009.

UTI Fixed Income Interval Fund- Series II Quarterly Interval Plan-IV is a debt oriented interval scheme. 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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