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Tuesday, May 19, 2009

UTI MF declares dividend under fixed term income fund

Record date for dividend is 25 May 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Term Income Fund – Series IV-Plan VII(May/08-12 months). The record date for the declaration of dividend is 25 May 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 10.9179 per unit as on 15 May 2009.

UTI Fixed Term Income Fund – Series IV-Plan VII is a close ended income scheme with the plan tenure of 12 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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