UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Maturity Plan – Half Yearly Series –06/08. The record date for the declaration of dividend is 2 December 2008. The quantum of dividend will be 100% of distributable surplus available on the record date.
The fund house has decided to offer dividend for both retail and institutional plan of the scheme. The NAV for the scheme under both the plans was at Rs 10.4264 as on 24 November 2008.
UTI Fixed Maturity Plan- Half Yearly Series 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 fund was launched in June 2008. The scheme will charge exit load as 1% of the NAV if redeemed on or before 180 days from the date of closure of the offer of plan and no load thereafter.
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