Mumbai: UTI Mutual Fund
has announced bonus under UTI Unit Linked Insurance Plan, UTI Childrens Career Plan
- Balance Plan and UTI Retirement Benefit Pension Fund. The record date for
distribution of bonus is April 25, 2011. The bonus declared will be in
the ratio of 1:10 (unit holders will get 1 additional unit for every 10 units
they currently hold) under all the schemes.
UTI
Unit Linked Insurance Plan is an open ended tax saving cum insurance scheme
with the investment objective to provide return through growth in the NAV or
through dividend distribution and reinvestment thereof. UTI
Childrens Career Plan Balance Plan invests not less than 60 per cent in debt
instruments in low to medium risk profile and not more than 40 per cent in
equity and equity related instruments. UTI – Retirement Benefit Pension is also
an open ended fund tax savings pension scheme with the investment objective to
provide pension on a periodical basis to the extent of unit holders holding
value after the completion of 58 years of age.
