UTI MF declares dividend under UTI FTIF Series V- I (13M)

UTI Mutual Fund has announced dividend under UTI Fixed Term Income Fund Series V- I (13M). The dividend is declared under retail and institutional plans.

The amount of dividend declared is 100% of the distributable surplus

As on August 4, 2009 the net asset value stood at Rs 11.1305 per unit under the retail plan and Rs 11.2007 under the institutional plan.

The fund house has fixed August 10, 2009 as the record date for dividend declaration.

The investment objective of the plan is to invest in a portfolio of fixed income securities normally maturing in line with the time line of the respective plans, thereby enabling the investors to nearly eliminate interest risk by remaining invested in the plan till maturity/fixed redemption.