UTI Unit Linked Insurance Plan (UTI-ULIP) announces a bonus of 1:10 (1 unit for every 10 units held of face value Rs.10/- each).Â 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 is February 23, 2010.
The NAV per unit was Rs.18.3713 on February 17, 2010.
Â UTI-ULIP is an open-end tax saving cum insurance scheme. The investment objective of the scheme is primarily to provide returns through growth in NAV or through income distribution and reinvestment thereof. It is a unique product, which provides multiple benefits to its investors viz.Â Life Insurance Cover without any medical examination, Accident Cover up to Rs.50,000/-, Tax benefits under sec 80C of Income Tax Act, 1961, Easy Liquidity and Ability to time investments for payment of renewal contribution