UTI MF declares dividend under QFMP/06-07/II
UTI MF declares dividend under QFMP/06-07/II UTI Mutual Fund (MF) will declare dividend, under the dividend option of UTI Fixed Maturity Plan QFMP/06-07/II for both Regular and Institutional plan. The dividend to be declared for both Regular and Institutional Plan is 100% of distributable surplus as on record date. The fund house fixed Sep. 25, 2007 as the record date for declaration of dividend of Rs 10 a unit. Pursuant to payment of dividend, the NAV will 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 as on Sep. 20, 2007 for Regular plan stood at Rs 10.1882 a unit and for Institutional Plan at 10.1906 a unit.
