UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series I-III (251 days). The record date for the dividend is March 31, 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 as on March 23, 2009 was at Rs. 10.6923 per unit.
UTI Short Term Fixed Maturity Plan is a close-ended income scheme with 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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