Saturday, July 31, 2010 10:06 Hrs IST

UTI MF Declares Dividend For Fixed Income Interval Fund

Record date for dividend is 5 August 2010

UTI Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of UTI Fixed Income Interval Fund – Monthly Interval Plan – II. The record date for dividend has been fixed as 5 August 2010.

The quantum of dividend will be 100% of distributable surplus as on the record date. The NAV for retail option was at Rs 10.0347 per unit and Rs 10.0360 per unit for institutional option as on 29 July 2010.

UTI Fixed Income Interval Fund – Monthly Interval Plan – II is a debt oriented 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. Each Plan will invest in a distinct portfolio of securities.