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Tuesday, March 24, 2009

UTI MF declares dividend under fixed term income fund

Record date for dividend is 30 March 2009

UTI Mutual Fund has announced dividend under dividend and super institutional dividend option of UTI Fixed Term Income Fund – Series V-VIII (13 months). The record date for the declaration of dividend is 30 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 dividend option was at Rs 10.3659 per unit and for super institutional plan was at Rs 10.3985 per unit as on 20 March 2009.

UTI Fixed Term Income Fund is a close ended income scheme with the objective to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity 0period of the scheme.

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