UTI Mutual Fund has approved the declaration of dividend under the dividend option of UTI Fixed Maturity Plans- Quarterly - 08-07- Series I. The record date for dividend is set as 6 November 2007. The AMC plans to distribute 100% of distributable surplus as on record date.
The NAV for the scheme under retail plan was Rs. 10.1780 as on 1 November 2007. The NAV for the scheme under institutional plan was Rs. 10.1804 as on 1 November 2007.
UTI Fixed Maturity Plans- Quarterly - 08-07- Series I is a close-ended fixed term fund with an objective to generate income by investing into fixed income 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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment