UTI Mutual Fund has approved the declaration of dividend under the dividend option of UTI Fixed Maturity Plans- Half Yearly - 06-07. The record date for dividend is set as 5 September 2007. The NAV for the schemes stood at Rs. 10.185 on 30 August 2007. The AMC plans to distribute 100% of distributable surplus as on record date.
UTI Fixed Maturity Plans- Half Yearly - 06-07 is a close-ended fixed term fund with an objective to generate income by investing into debt and money market securities, normally maturing in line with the time profile of the fund. The scheme does not charge any entry load but charges an exit load of 1.0% if redeemed on or before 90 days of closure and no load thereafter.
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