UTI Mutual Fund has announced 5 January 2011 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund-Series II Quarterly Interval Plan VII.
The fund house has decided to distribute 100% of distributable surplus as on the record date as dividend on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 10.1694 per unit under retail plan and Rs 10.1700 per unit under institutional plan as on 29 December 2010.
UTI Fixed Income Interval Fund-Series II Quarterly Interval Plan VII is an interval scheme. The scheme aims to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the respective plan.
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