UTI MF has declared dividend of 5 percent (Re.0.50 per unit on face value of Rs.10) under its open ended equity oriented Dividend Yield Fund. The record date for the dividend is June 19, 2013. The NAV of UTI Dividend Yield Fund on June 13, 2013 under dividend option-existing plan was Rs.12.9103.
The scheme aims to generate medium to long-term capital gains and dividend distribution by investing predominantly in equity and equity related instruments, which offer high dividend yield. Swati Kulkarni is the fund manager of the scheme. At present, UTI manages AUM of Rs 69,450 crore as on March 2013.
