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UTI MF declares bonus in its 3 schemes

UTI Mutual Fund has announced bonus in UTI-Children's Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund, for which the record date has been fixed as April 25, 2011.

April 23, 2011 / 02:39 PM IST

UTI Mutual Fund has announced bonus of 1:10 (i.e. 1 additional unit for every 10 units held of face value of Rs.10/- each) under UTI-Children's Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund. The record date for bonus has been fixed as April 25, 2011.


All investors registered under the above schemes as on April 25, 2011 will receive the bonus. The NAV of the scheme as on April 19, 2011 was Rs.15.5918, Rs. 18.6852 and Rs. 19.7351 respectively.


UTI-Children's Career Balanced Plan, is an open end scheme invests in equities, debentures/bonds of companies and other money market instruments. The scheme has an asset allocation limit of minimum 60% in debt and maximum 40% in equities/equity related instruments.


UTI Unit Linked Insurance Plan is an open ended tax saving cum insurance scheme which has the investment objective to provide return through growth in the NAV or through dividend distribution and reinvestment thereof.

UTI

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