UTI Mutual Fund has declared dividend on the face value of Rs 10 per unit under the dividend payout option of UTI Dividend Yield Fund. The record date for dividend is June 26, 2012.
The quantum of dividend will be 4% of face value or up to 90% of distributable surplus available as on the record date, whichever is lower. To be rounded off to multiple of 0.50% on the lower side, so as to remain within the limit of 90% of the distributable surplus. The scheme recorded NAV of Rs 12.9000 per unit as on June 19, 2012.
The investment objective of the scheme is to provide medium to long term capital gains and /or dividend distribution by investing. There can be no assurance that the investment objectives of the scheme will be realised.
Source: Accord Fintech
