UTI MF has declared July 23, 2012 as the record date for declaration of dividend in the dividend option of UTI-Fixed Maturity Plan-Yearly Series (YFMP 06/11).
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
