UTI Balanced Fund has declared a tax-free dividend of 10% (Rs 1.00 per unit on face value of Rs.10/). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy (if applicable).
The
record date for the dividend is November 12, 2012.
All
unitholders registered under the dividend option of UTI Balanced Fund as on
November 12, 2012 will be eligible for this dividend. Also investors who join
the dividend option of the scheme on or before the cut off time of the record
date will be eligible for the dividend.
The
NAV per unit as on November 5, 2012 was Rs.22.71 under the dividend option.
UTI
Balanced Fund was launched in 1995 as an open-end balanced fund. The scheme
aims to invest in a portfolio of equity/equity related securities and fixed
income securities (debt and money market securities) with a view to generate
regular income together with capital appreciation.
Mr
Amandeep S Chopra the fund manager of the scheme said "The asset
allocation in the scheme is designed keeping in mind the necessity of providing
consistent returns and maintaining a balance between debt and equity."
