UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund - Monthly Interval Plan I. The record date for the declaration of dividend is 25 March 2009.
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 retail plan was at Rs 10.0184 per unit and for institutional plan was at Rs 10.0183 per unit as on 17 March 2009.
The sepcified transaction period will be 25 March 2009. The scheme do not ask entry load and exit load if redeemed during specified transaction period. While 0.50% of applicable NAV will be charged as exit load if redeemed at any time other than specified transaction period. Specified transaction period shall be generally open for 1 day for subscription/ redemption/ switch out/switch -in without any load, every month after expiry of 1 month from the date of allotment.
UTI Fixed Income Interval Fund - Monthly Interval Plan I is a debt oriented interval scheme with the investment objective to generate regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.
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 retail plan was at Rs 10.0184 per unit and for institutional plan was at Rs 10.0183 per unit as on 17 March 2009.
The sepcified transaction period will be 25 March 2009. The scheme do not ask entry load and exit load if redeemed during specified transaction period. While 0.50% of applicable NAV will be charged as exit load if redeemed at any time other than specified transaction period. Specified transaction period shall be generally open for 1 day for subscription/ redemption/ switch out/switch -in without any load, every month after expiry of 1 month from the date of allotment.
UTI Fixed Income Interval Fund - Monthly Interval Plan I is a debt oriented interval scheme with the investment objective to generate 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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