Thursday, August 7, 2008

UTI MF Declares Dividend Under Fixed Income Interval Fund - Aug 07 , 2008

UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Income Interval Fund-Monthly Interval Plan-Series II. The record date for the declaration of dividend is 12 August 2008. 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 the scheme under both retail plan and institutional plan was at Rs 10.0556 per unit as on 4 August 2008.

UTI Fixed Income Interval Fund- Monthly Interval Plan-Series II was launched in November 2007. It is a debt oriented interval scheme with income-oriented portfolio consisting Gsecs and other fixed income and debt securities. The investment objective of the scheme is generating regular income by investment in debt/money market instruments and Govt Securities having suitable maturity.

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