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 Series - Monthly Interval Plan I. The record date for dividend has been fixed as 20 December 2011. The quantum of dividend will be 100% of distributable surplus as on the record date. The NAV for retail and institutional option stood at Rs 10.0550 per unit and Rs 10.0566 per unit respectively as on 13 December 2011.
UTI Fixed Income Interval Fund Series - Monthly Interval Plan I is a debt oriented interval scheme which has the 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. Each plan will invest in a distinct portfolio of securities.
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