UTI Mutual Fund has declared a bonus under its three schemes i.e. UTI-Children’s Career Balanced Plan, UTI Unit Linked Insurance Plan 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 bonus under aforesaid schemes is May 30, 2013.
The NAV of UTI-Children's
Career Balanced Plan-Existing Plan and UTI Children’s Career Balanced
Plan-Direct Plan on May 24, 2013 was Rs .15.0798 and Rs.15.0924 respectively
while the NAV of UTI Unit Linked Insurance Plan-Existing Plan and UTI Unit
Linked Insurance Plan-Direct Plan on May 24, 2013 were Rs.18.1476 and
Rs.18.1833 respectively. The NAV per of UTI-Retirement Benefit Pension-Existing
Plan Fund and UTI Retirement Benefit Pension Fund-Direct Plan on May 24, 2013
was Rs.18.4861 and Rs.18.5308
respectively.
UTI Children’s Career Balanced Plan invests in equities, convertible and non-debentures/bonds of companies and money market instruments while UTI Retirement Benefit Pension Fund is an open-ended aims to provide pension in the form of periodic income to the members to the extent of redemption value of their holding after they attain the age of 58 years. UTI Children’s Career Balanced Plan is co-managed by Amandeep Chopra and Anoop Bhaskar while UTI Retirement Benefit Pension Plan is co-managed by Amandeep Chopra and V Srivatsa.
UTI’s Unit Linked Insurance Plan an open-end tax saving cum insurance scheme with an objective of providing returns through growth in NAV or through dividend distribution and reinvestment. Amandeep Chopra is the fund manager of the scheme.
