UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Maturity Plan - Quarterly Series-06-08/I. The record date for the declaration of dividend is 10 September 2008. The quantum of dividend will be 100% of distributable surplus available on the record date.
The NAV for the scheme under both retail and institutional plan was at Rs 10.1925 as on 1 September 2008. UTI Fixed Maturity Plan- Quarterly Series-06-08-/I 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 1% of the NAV if redeemed on or before 90 days from the date of closure of the plan and no load thereafter.
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