UTI-Children’s Career Balanced Plan has declared a bonus 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 NAV of the scheme would fall to the extent of bonus units allotted and statutory levy if any
The record date for the bonus is March 26, 2009.
UTI-Children’s Career Balanced Plan has declared bonus at regular intervals since its launch in 1993.
NAV per unit of UTI-Children's Career Balanced Plan as on March 23, 2009 was Rs.12.9082.
UTI-Children’s Career Plan was launched in July 1993 as an open-end scheme. Under the scheme investment can be made in the name of children up to the age of 15 years, so as to provide them after they attain the age of 18 years, a means to receive scholarship to meet the cost of higher education and/or to set up a profession or meet other social obligations.
UTI Children’s Career Plan offers two Plans- (1) UTI Children’s Career Balanced Plan and (2) UTI CCP Advantage Fund.
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UTI Children’s Career Balanced Plan invests in equities, debentures/bonds of companies and other 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 and Mr. Deb Bhattacharya, fund managers of the UTI Children’s Career Balanced Plan said, “The Plan would continue with its strategy of maintaining a quality portfolio that is expected to deliver superior returns with a lower degree of volatility over a medium to long term horizon.”
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 has assets under management (average) of Rs.49225 crore and investor accounts of over 9.64 million under its 96 domestic schemes (as of February 28, 2009).