This has reference to your query regarding fall in NAV of UTI ULIP, lodged in the site http://www.consumercomplaints.in
It is always our honest efforts to resolve the queries of our investors received from any source.
We are pleased to inform you that UTI Mutual Fund has declared a bonus under 3 of its scheme viz. UTI Children’s Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund in the ratio of 1 unit for every 10 units held of face value of Rs. 10/- each. The record date for the bonus under the said schemes was April 25, 2011. Pursuant to the payment of bonus the NAVs the scheme would fall to the extent of bonus units. The is reduction in the NAV is due to declaration of bonus.
However we would like to inform you that due to declaration of bonus, there is increase in your total units. We request you to please provide Membership No./Folio no. to enable us to convey you the status of your investment as on date.
We hope the matter is clarified to you now.
We value your relationship with UTI Mutual Fund and thereby suggest you the below alternatives in order to safe guard your information and also to get any other information related to your investments in UTI.
We request you to utilise in future customer care option at our website, www.utimf.com, select the option, “Customer Care “to lodge your query/complaint regarding any of UTI Mutual Fund.
You may also contact our UTI Financial Center (UFC) closest to you. The contact details of UFCs are available on the website - www.utimf.com.
We thank you for investing in UTI Mutual Fund and assuring you best of our services at all times.
UTI Mutual Fund,
Dept of Operations