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Thursday, January 01, 2009

UTI MF declares dividend under Short Term FMP

Record date for dividend is 07 January 2009

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 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. 10.2748 per unit as on 30 December 2008.

UTI Short Term Fixed Maturity Plan - Series I - V is a close ended income scheme with investment objective to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the scheme.

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