UTI Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend option in retail and institutional plan of Fixed Income Interval Fund - Annual Interval Plan I. The record date for dividend has been fixed as July 27, 2009.
The quantum of dividend for retail and institutional plan will be 100% of distributable surplus as on the record date. The NAV for retail plan was at Rs 11.0267 per unit while Rs 11.07694 per unit for institutional plan as on July 17, 2009.
UTI Fixed Income Interval Fund is a debt oriented interval scheme with an investment objective 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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