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Tuesday, March 24, 2009

UTI MF announces dividend for various funds

Record date for dividend is 30 March 2009

UTI Mutual Fund has announced dividend under dividend option of below mentioned schemes. The record date for the declaration of dividend is 30 March 2009.

UTI Bond Fund

The fund house has decided to offer 1% i.e. Re 0.10 per unit as dividend under retail option on face value of Rs. 10 per unit. The NAV for the scheme was at Rs 11.2264 per unit as on 20 March 2009.

UTI Bond Fund, an open ended pure debt fund. The scheme will retain the flexibility to invest in the entire range of debt and money market instruments. The flexibility is being retained to adjust the portfolio in response to a change in the risk to return equation for asset classes under investment, with a view to maintain risks within manageable limits.

UTI G-Sec Fund

The Fund house has decided to offer 3% i.e. Rs 0.30 per unit as dividend under retail option of the scheme on the face value of Rs 10 per units. The NAV of the scheme was at Rs 11.2203 per unit as on 20 March 2009.

UTI G-Sec Fund, an open ended gilt fund with the objective to generate credit risk free return by way of income or growth by investing in central government securities, treasury bills, call money and repos under normal circumstances at lease 65% of the total portfolio will be invested insecurities issued/created by the central government.

UTI Treasury Advantage Fund-Quarterly Dividend Plan

The Fund house has decided to offer 1.50% i.e. Rs 15 per unit as dividend under income option of the scheme on the face value of Rs 1000 per units. The NAV of the scheme was at Rs 1266.7999 per unit as on 20 March 2009.

UTI Treasury Advantage Fund is an open ended income scheme with an investment objective to generate attractive return for its investors consistent with capital preservation and liquidity by investing in a portfolio of quality debt securities, money market instruments and structured obligations.

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