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Friday, March 06, 2009

UTI MF declares dividend under fixed income monthly interval plan

Record date for dividend is 12 March 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund – Monthly Interval Plan II. The record date for the declaration of dividend is 12 March 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 was at Rs 10.0492 per unit each as on 04 March 2009.

The specified transaction period will be 12 March 2009. The scheme do not ask entry load and exit load if redeemed during specified transaction period. While 0.50% of applicable NAV will be charged as exit load if redeemed at any time other than specified transaction period. Specified transaction period shall be generally open for 1 day for subscription/ redemption/ switch out/switch -in without any load, every month after expiry of 1 month from the date of allotment.

UTI Fixed Income Interval Fund – Monthly Interval Plan II is a debt oriented interval scheme with the investment objective to generate 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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