UTI Mutual Fund Declares Bonus for Unit Linked Insurance Plan
UTI Mutual Fund has announced the declaration of bonus on the face value of Rs 10 per unit under UTI Unit Linked Insurance Plan. The record date for bonus has been fixed as 23 February 2010.
The quantum of bonus will be in the ratio of 1:10 (1 additional unit for every 10 units currently held). The NAV of the scheme stood at Rs 18.3108 as on 16 February 2010.
All the unit holders, of the aforesaid scheme whose names appear in the register of unit holders as at the close of business hours on the record date are entitled for Bonus. The units will be allotted on the day immediately after the record date at ex-Bonus NAV of the record date.
UTI Unit Linked Insurance Plan is an open end tax saving cum insurance scheme which has the investment objective to provide return through growth in the NAV or through dividend distribution and reinvestment thereof.
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