UTI MF declares bonus for "UTI Unit Linked Insurance Plan (ULIP)"

Posted By: Religare
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UTI Mutual Fund has announced bonus under growth payout option scheme named as "UTI Unit Linked Insurance Plan (ULIP)", on the face value of Rs 10 per unit. The quantum of bonus was in the ratio of 1:10 (1 additional unit for every 10 units currently held).

The record date for the dividend was June 20. The NAV of scheme as on June 20, 2012 was at Rs 17.6777.

The investment objective of 'UTI Unit Linked Insurance Plan (ULIP)', an open ended special fund was to offer benefit of life insurance with good returns. It also offers tax benefits, accident insurance cover and other multiple tax-saving plan for 10 to 15 years. A small amount is paid towards LIC premium for life cover and the balance amount is invested in Debt instruments (60%) and equity and equity related instruments (40%).

The performance of the scheme was standardized against Crisil MIP Blended Index and Amandeep Chopra was the fund manager of the scheme.

Story first published: Thursday, June 21, 2012, 13:32 [IST]
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