UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund-Monthly Interval Plan I and the record date is December 23, 2008. UTI Fixed Income Interval Fund- Monthly Interval Plan I is a debt oriented interval scheme with income-oriented portfolio consisting G-sec and other fixed income and debt securities.
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 as on 15 December 2008 for both retail and institutional plan was at Rs. 10.0468 and Rs 10.0469 per unit respectively.
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 as on 15 December 2008 for both retail and institutional plan was at Rs. 10.0468 and Rs 10.0469 per unit respectively.
For redemptions during specified transaction period, the fund will not ask exit load while the redemptions other than specified transaction period will attract 0.50% exit load. The specified transaction date will be 23 December 2008. The objective of investment of the scheme is generating regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.
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