Friday, April 22, 2011

UTI Mutual Fund declares BONUS in three schemes;UTI Childrens Career Balanced plan,UTI Unit linked Insurance plan, UTI Retirement Benefit Pension Fund

UTI Mutual Fund has declared a 1:10 bonus in three of its schemes:
1. UTI Children's Career Balanced Plan
2. UTI Unit Linked Insurance Plan
3. UTI Retirement Benefit Pension Fund.

The quantum of bonus will be in the ratio of 1:10 (1 unit for every 10 units held). The record date of bonus is 25/04/2011.

UTI-ULIP is an open-end tax saving cum insurance scheme with a corpus of around Rs 2,367 crore. The scheme provides multiple benefits to its investors like life insurance cover upto Rs 15,00,000 and accident cover up to Rs 50,000 also it provides for automatic asset allocation.