UTI Mutual Fund has declared dividend on the face value
of Rs 10 per unit under UTI-Fixed Maturity Plan-Yearly Series (YFMP 05/11). The
record date for dividend is June 18, 2012.
The quantum of dividend will be 100% of distributable
surplus as on record date.
The investment objective of the scheme is to seek regular
returns by investing in a portfolio of fixed income securities normally
maturing in line with the time profile of the plan, thereby enabling the
investors to nearly eliminate interest rate risk by remaining invested in the
plan till the maturity / final redemption.
Source: Accord Fintech