Thursday, March 12, 2009

UTI MF Declares Dividend Under Short Term FMP - March 12, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series II-IV (90 days). The record date for the declaration of dividend is 17 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. 10.1708 per unit and for institutional plan NAV was Rs 10.1764 per unit as on 9 March 2009.

UTI Short Term Fixed Maturity Plan-Series II-IV (90 days) is a close-ended income scheme with 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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