UTI Mutual Fund has declared a bonus under 3 of its schemes viz UTI-Children’s Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund in the ratio of 1 unit for every 10 units held of face value of Rs.10 each. Pursuant to the payment of bonus, the NAVs of the said schemes would fall to the extent of bonus units allotted and statutory levy if any
The record date for the bonus under aforesaid schemes is May 30, 2013.
All unit holders registered under the UTI-Children’s Career Balanced Plan-Existing Plan & UTI Children’s Career Balanced Plan-Direct Plan, UTI Unit Linked Insurance Plan-Existing Plan & UTI Unit Linked Insurance Plan-Direct Plan and UTI Retirement Benefit Pension Fund –Existing Plan & UTI Retirement Benefit Pension Fund-Direct Plan as on the record date will be eligible for this Bonus.
The NAV of UTI-Children's Career Balanced Plan-Existing Plan and UTI Children’s Career Balanced Plan-Direct Plan on May 24, 2013 was Rs .15.0798 and Rs.15.0924 respectively.
The NAV of UTI Unit Linked Insurance Plan-Existing Plan and UTI Unit Linked Insurance Plan-Direct Plan on May 24, 2013 were Rs.18.1476 and Rs.18.1833 respectively.
The NAV per of UTI-Retirement Benefit Pension-Existing Plan Fund and UTI Retirement Benefit Pension Fund-Direct Plan on May 24, 2013 was Rs.18.4861 and Rs.18.5308 respectively.
UTI Children’s Career Balanced Plan..!
UTI Children’s Career Balanced Plan invests in equities, convertible and non-debentures/bonds of companies and money market instruments The scheme has an asset allocation limit of minimum 60% in debt and maximum 40% in equities/equity related instruments. UTI Children’s Career Balanced Plan offers two options viz. Growth and Scholarship Options. The minimum amount of investment is Rs.1000 under both the options.
Mr Amandeep Chopra is the fund manager for the debt portfolio of UTI Children’s Career Balanced Plan and Mr Anoop Bhaskar is the fund manager for the equity portfolio of the scheme.
UTI- Retirement Benefit Pension Fund..!
UTI Retirement Benefit Pension Fund is an open-ended notified tax saving-cum-pension scheme with no assured returns. The scheme has been notified by Central Government in the Gazette Notification dated November 3, 2005 as a Pension Fund eligible under sub-section (2), clause (xiv) of section 80C of Income- tax Act, 1961 for assessment year 2006-07 and subsequent assessment years.
Contribution made by individuals under UTI-Retirement Benefit Pension Fund qualifies for deduction of the whole amount paid or deposited subject to a maximum of Rs.1,00,000 under Section 80C of Income Tax Act, 1961 as provided therein (subject to prevailing tax laws)
The investment objective of the scheme is to primarily provide pension in the form of periodical income/cashflow to the members to the extent of redemption value of their holding after they attain the age of 58 years. The scheme invests minimum 60% and maximum 100% in debt and balance in equity.
Mr Amandeep Chopra is the fund manager for the debt portfolio of UTI Retirement Benefit Pension Plan and Mr V Srivatsa is the fund manager for the equity portfolio of the scheme.
UTI Unit Linked Insurance Plan..!
UTI’s Unit Linked Insurance Plan is the first insurance linked mutual fund product in the country. It is an open-end tax saving cum insurance scheme. The investment objective of the scheme is primarily to provide returns through growth in NAV or through dividend distribution and reinvestment thereof. It is a unique product, which provides multiple benefits to its investors viz. Life Insurance Cover without any medical examination, Accident Cover up to Rs.50,000/-, Tax benefits under Sec 80C of Income Tax Act, 1961, Easy Liquidity and Ability to time investments for payment of renewal contribution (subject to prevailing tax laws).
Mr Amandeep Chopra is the fund manager of the scheme.
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India. UTI Mutual Fund is one of the largest mutual funds in India with investor accounts of 9.81 million under its 88 domestic schemes / plans as on April 30, 2013
Registered Office: UTI Tower, ‘Gn’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Phone: 022-66786666.
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Adfactors Public Relations Pvt Ltd
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