UTI Mutual Fund has declared a 1:10 bonus on the face value of Rs 10 per unit for 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 (one 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 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-ended 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-ended tax-saving-cum-insurance scheme. The scheme provides multiple benefits to its investors namely life insurance cover and accident cover up to Rs 50,000 among others, it added.
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