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Friday, March 20, 2009

UTI Children's Career Balanced Plan offers 1:10 bonus

Record date for bonus is 26 March 2009

UTI Mutual Fund has approved 26 March 2009 as the record date for declaration of bonus under UTI Children's Career Balanced Plan on the face value of Rs 10 per unit.

The quantum of bonus will be in ratio of 1:10 i.e. 1 additional unit for every 10 units currently held by investors. The NAV of UTI Children's Career Balanced Plan was at Rs. 12.7396 per unit as on 18 March 2009.

UTI Children's Career Balanced Plan, an open-ended scheme aims to fulfill a parent's dream by providing for the cost of higher education etc. of a child through payment of scholarship on yearly/ half yearly basis in a tax friendly manner. Funds collected under the Plan will be invested in equities, convertible, and non-convertible debentures/bonds of companies/ corporates etc. and other capital and money market instruments.

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