UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan – Series II – I (91 days). The record date for the declaration of dividend is 02 February 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 retail plan was at Rs 10.2335 and institutional plan was at Rs 10.2380 per unit as on 23 January 2009.
UTI Short Term Fixed Maturity Plan – Series II – I (91 days) 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.