Record date for bonus is 18 May 2009
UTI Mutual Fund has announced 18 May 2009 as the record date for declaration of bonus under UTI-Retirement Benefit Pension Fund (UTI-RBP). The fund house has decided to distribute 10% (1:10 i.e. 1 additional unit for every 10 units held as on record date on face value of Rs 10 per unit) as dividend.
The scheme recorded NAV of Rs 19.8837 per unit as on 8 May 2009.
UTI-Retirement Benefit Pension Fund is an open ended notified tax savings cum pension scheme with no assured returns. The investment objective of the scheme is to provide pension in the form of periodical income/cashflow to the unitholders to the extent of redemption value of their holding after they complete 58 years of age.