VR Logo

2:15 Bonus For UTI-ULIP Subscribers

UTI Unit Linked Insurance Plan (UTI-ULIP) has announced a bonus of 2:15 (2 units for every 15 units held on face value Rs 10 each). The record date for the bonus has been fixed as December 31, 2004. The ex-bonus NAV will be declared on January 3, 2005. This is the second bonus announced by UTI-ULIP in 2004 and the fifth bonus since July 2002. In January 2004, the scheme had declared a bonus of 1:10.