UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Maturity Plan - Yearly Series June - 07. The record date for the declaration of dividend is 3 July 2008. The quantum of dividend will be 100% of distributable surplus available on the record date.
The NAV for the scheme under retail plan was at Rs 10.8250 as on 25 June 2008. UTI Fixed Maturity Plan-Yearly Series June - 07 was launched in June 2007.
It is a close-ended umbrella income scheme seeking to generate regular income through investments in a debt or money market instruments and government securities with suitable maturity. The scheme will charge exit load as 2% of the NAV if redeemed on or before 365 days from the date of closure of the plan and no load thereafter.
The NAV for the scheme under retail plan was at Rs 10.8250 as on 25 June 2008. UTI Fixed Maturity Plan-Yearly Series June - 07 was launched in June 2007.
It is a close-ended umbrella income scheme seeking to generate regular income through investments in a debt or money market instruments and government securities with suitable maturity. The scheme will charge exit load as 2% of the NAV if redeemed on or before 365 days from the date of closure of the plan and no load thereafter.
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