UTI Mutual Fund has declared a bonus under three of its schemes

UTI Mutual Fund has declared a bonus under three of its schemes i.e. UTI-Children’s Career Balanced Plan, UTI Unit Linked Insurance Plan 1971 and UTI Retirement Benefit Pension Fund in the ratio of 1 unit for every 10 units held of face value of Rs.10/- each. The record date for the issue of bonus units under these schemes is September 1, 2014.

UTI Children’s Career Balanced Plan

UTI Children’s Career Balanced Plan invests in equities, convertible and non-convertible debentures/bonds of companies and money market instruments. The NAV of UTI-Children's Career Balanced Plan-Existing Plan and UTI Children’s Career Balanced Plan-Direct Plan on August 25, 2014 was Rs.16.9392 and Rs.16.9731 respectively.  This scheme is co-managed by Amandeep Chopra, Anoop Bhaskar and Kaushik Basu.

UTI Unit Linked Insurance Plan 1971

UTI’s Unit Linked Insurance Plan 1971 is an open-end tax saving cum insurance scheme with an objective of providing returns through growth in NAV or through dividend distribution and reinvestment. The NAV of UTI Unit Linked Insurance Plan 1971 -Existing Plan and UTI Unit Linked Insurance Plan 1971 -Direct Plan on August 25, 2014 was Rs.19.2033 and Rs.19.3485 respectively. Amandeep Chopra is the fund manager of the scheme.

UTI Retirement Benefit Pension Fund

UTI Retirement Benefit Pension Fund is an open-ended notified tax saving-cum-pension scheme with no assured returns. The NAV per of UTI-Retirement Benefit Pension Fund-Existing Plan and UTI Retirement Benefit Pension Fund-Direct Plan on August 25, 2014 was Rs.19.9374 and  Rs.20.0982 respectively. This scheme is co-managed by Amandeep Chopra and V Srivatsa.