UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund (FIIF) Annual Interval Plan IV on the face value of Rs 10 per unit.

The quantum of dividend will be 100% of distributable surplus as on the record date. The record date for the dividend payout has been fixed as December 1, 2011. The scheme recorded NAV of Rs 10.1371 per unit under retail option and Rs 10.1428 per unit under institutional option as on November 24, 2011.

UTI Fixed Income Interval Fund Annual Interval Plan IV is a debt oriented interval scheme. The scheme aims to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the respective plan.