UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund-Annual Interval Plan-Series III. The record date for the declaration of dividend is 25 September 2008.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. 10.8496 per unit as on 17 September 2008.
The specified transaction date will be 25 September 2008. The fund will not ask exit load redemptions during specified transaction period. Redemptions other than specified transaction period will attract 2 % exit load.
UTI Fixed Income Interval Fund- Annual Interval Plan-Series 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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