UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund-Quarterly Interval Plan III. The record date for the declaration of dividend is 24 February 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 both retail and institutional plan was at Rs. 10.2310 and Rs 10.2345 per unit, respectively as on 16 February 2009.
The fund will not ask exit load for redemptions during specified transaction period. Redemptions other than specified transaction period will attract 1.00% exit load. The specified transaction date will be 24 February 2009.
UTI Fixed Income Interval Fund- Quarterly Interval Plan III is a debt oriented interval scheme with income-oriented portfolio consisting G-sec and other fixed income and debt securities. 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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