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Friday, April 17, 2009

UTI MF declares dividend under fixed term income fund

Record date for dividend is 23 April 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Term Income Fund – Series III-Plan 20. The record date for the declaration of dividend is 23 April 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 retail plan was at Rs 11.5163 per unit as on 2 April 2009.

UTI Fixed Term Income Fund – Series III-Plan 20 is a close ended income scheme with the plan tenure of 20 months. The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the plan.

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