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Sep 09 2011 12:58 PM
UTI MF introduces Systematic Withdrawal Plan facility under dividend payout and reinvestment option

UTI Mutual Fund announces introduction of Systematic Withdrawal Plan (SWP) facility under dividend payout and reinvestment option with immediate effect on a prospective basis.The proposed changes are:

Systematic Withdrawal Plan (SWP) will be available in the dividend option with payout and reinvestment/growth option of the eligible schemes.

SWP Dates: 1st of every month. In case the date falls on a holiday/book closure period, the next business day will be considered for this purpose. If the record date for dividend distribution falls on SWP date, then SWP will be effected first and thereafter dividend distribution will be made except under daily dividend option of the UTI-Treasury Advantage Fund, UTI-Liquid Cash Plan-Regular, UTI-Floating Rate Fund Short Term Plan-Regular and UTI-Money Market Fund-Regular Plan.

Eligibility: Investment under dividend option with payout and reinvestment as well as growth option of the scheme/s are eligible. SWP will start after a cooling period of one month (excluding the month of investment).

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Equities: Equities transactions executed by Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 |BSE SEBI Registration Number Capital Market :- INB 011234839 | NSE SEBI Registration Number Derivatives :- INF 231234833 | Mutual Funds : Reliance Securities Limited | AMFI ARN No.29889
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