UTI Mutual Fund has announced bonus under UTI Unit Linked Insurance Plan, UTI Children' Career Balanced Plan and UTI Retirement Benefit Pension Fund. Under all the three schemes, the bonus declared will be in the ratio of 1:10 i.e., unit holders will get 1 unit for every 10 units they currently hold. The record date to ascertain the quantum of bonus is April 25.
IDFC Mutual Fund has decided to rename IDFC Savings Advantage Fund to IDFC Liquid Fund. Further, there would be changes in the attributes of the fund too. The revised objective of the scheme IDFC Liquid fund is to generate returns with high liquidity by investing in high quality money market and debt instruments. No exit load will be charged. The company is also introducing Systematic Transfer Plan, Systematic Withdrawal Plan and Systematic Investment Plan facilities under IDFC Liquid Fund with effect from May 22.