UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series I-VIII (181 days). The record date for the declaration of dividend is 16 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 the scheme for retail plan was at Rs. 10.5422 per unit and for institutional plan NAV was Rs 10.5423 per unit as on 6 March 2009.
UTI Short Term Fixed Maturity Plan-Series I-VIII is a close-ended income scheme with scheme tenure of 181 days. The investment objective 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.
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 for retail plan was at Rs. 10.5422 per unit and for institutional plan NAV was Rs 10.5423 per unit as on 6 March 2009.
UTI Short Term Fixed Maturity Plan-Series I-VIII is a close-ended income scheme with scheme tenure of 181 days. The investment objective 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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