UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Term Income Fund - Series IV-VI (15 months) and UTI Fixed Income Fund - Series V-VI (13 months). The record date for the declaration of dividend is 30 March 2009.
The quantum of dividend under both schemes will be 100% of distributable surplus available on the record date on face value of Rs 10 per unit. The NAV for UTI Fixed Term Income Fund - Series IV-VI was at Rs 10.9316 per unit and UTI Fixed Income Fund - Series V-VI was at Rs 10.0668 per unit as on 20 March 2009.
UTI Fixed Term Income Fund is a close ended income scheme with the objective to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the scheme.
The quantum of dividend under both schemes will be 100% of distributable surplus available on the record date on face value of Rs 10 per unit. The NAV for UTI Fixed Term Income Fund - Series IV-VI was at Rs 10.9316 per unit and UTI Fixed Income Fund - Series V-VI was at Rs 10.0668 per unit as on 20 March 2009.
UTI Fixed Term Income Fund is a close ended income scheme with the objective to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the scheme.
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