UTI MF has declared a dividend of 10% (Rs.1.00 per unit on face value of Rs.10/-) under its dividend option plan called UTI Opportunities Fund. The record date for which is May 14, 2013.
All unit holders registered under the dividend option-existing plan of UTI-Opportunities Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option-existing plan of the scheme on or before the cut off time of the record date will be eligible for the dividend.
The NAV of UTI Opportunities Fund on May 7, 2013 under dividend option-existing plan was Rs.15.2048.
UTI Opportunities Fund was launched in July 2005 as an open-ended equity scheme. The investment objective of the scheme is to generate capital appreciation by investing in equity and equity related instruments. UTI Opportunities Fund predominantly invests in 4 to 5 sectors that are expected to outperform the broader market in short to medium term. The fund is managed by Anoop Bhaskar.
