UTI Mutual Fund has declared a dividend of 8 % under its open ended Wealth Builder Fund Series-II. The record date for the dividend will be March 21, 2013.
The NAV of the fund on March 15, 2013 was Rs 16.6480 (Regular Plan) and Rs 16.6778 (Direct Plan). The scheme will provide dividend of Rs 0.80 per unit on the face value of Rs 10. The scheme invests in the diversified portfolio of equity, gold ETFs, debt and money market instrument. The scheme is managed by Lalit Nambair.
