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UTI MF declares 1:10 bonus for 3 of its schemes
Friday, 22 April 2011, 00:54 IST
New Delhi: UTI Mutual Fund said it has declared a 1:10 bonus on the face value of 
10 per unit under three of its schemes UTI-Children's Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund.
The quantum of bonus will be in the ratio of 1:10 (1 additional unit for every 10 units currently held). The record date of bonus is April 25.
As on April 19, 2011, the net asset value (NAV) per unit of UTI-Children's Career Balanced Plan was Rs 15.5918, UTI ULIP was Rs 18.6852 and UTI-Retirement Benefit Pension Fund was Rs 19.7351, UTI MF said in a statement.
UTI Children's Career Balanced Plan invests about 60 per cent of its corpus in debt and the remaining in equity related instruments.
UTI Retirement Benefit Pension Fund is an open-end tax saving-cum-pension fund. The scheme invests minimum 60 per cent and maximum 100 per cent in debt and balance in equity.
UTI-ULIP is an open-end tax saving cum insurance scheme. a corpus of approximately Rs 2,367 crore. The scheme provides multiple benefits to its investors namely life insurance cover and accident cover up to Rs 50,000 among others, it added.
Source: PTI
10 per unit under three of its schemes UTI-Children's Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund.
The quantum of bonus will be in the ratio of 1:10 (1 additional unit for every 10 units currently held). The record date of bonus is April 25.
As on April 19, 2011, the net asset value (NAV) per unit of UTI-Children's Career Balanced Plan was Rs 15.5918, UTI ULIP was Rs 18.6852 and UTI-Retirement Benefit Pension Fund was Rs 19.7351, UTI MF said in a statement.
UTI Children's Career Balanced Plan invests about 60 per cent of its corpus in debt and the remaining in equity related instruments.
UTI Retirement Benefit Pension Fund is an open-end tax saving-cum-pension fund. The scheme invests minimum 60 per cent and maximum 100 per cent in debt and balance in equity.
UTI-ULIP is an open-end tax saving cum insurance scheme. a corpus of approximately Rs 2,367 crore. The scheme provides multiple benefits to its investors namely life insurance cover and accident cover up to Rs 50,000 among others, it added.
Source: PTI
