UTI Retirement Benefit Plan has declared its first ever bonus in the ratio of 1 unit for every 4 units held. The record date for the declaration of bonus is October 24, 2003. The fund has declared two dividends in the past: 11.5 per cent in June 2000 and.10 per cent in June 2001.
UTI RBP is an open-end notified pension fund offering income tax rebate on the amount invested u/s 88 of the Income Tax Act, 1961. The plan has an asset allocation limit of a minimum 60 per cent in debt and maximum of 40 per cent in equity.
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