UTI MF declares 100% dividend on FMP
UTI MF declares 100% dividend on FMP UTI Mutual Fund (MF) declared dividend of 100% a unit of face value Rs 10, under the dividend option of UTI Fixed Maturity Plan-Yearly Series. The fund house fixed Sep. 20, 2007, as the record date for the payment of dividend of Rs 10, pursuant to payment of which, the NAV would fall to the extent of dividend payout and statutory levy, if applicable. All unit holders registered on or before the record date, would be eligible to receive the dividend. The NAV of the scheme stood at Rs 10.2938 a unit, as on Sep. 14, 2007. While entry load is nil, exit load is 3% if redeemed on or before 365 days from the date of closure of offer.
