UTI Top 100 Fund has declared a dividend of 15% (Re.1.50 per unit on face value of Rs.10), said a press release issued by the company.
The record date for the dividend is September 25, 2013.
Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Top 100 Fund will be eligible for this dividend. Also investors who join the dividend option -existing plan and dividend option-direct 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 Top 100 Fund on September 19, 2013 under dividend option-existing plan was Rs. 24.40 and under dividend option-direct plan was Rs. 24.45.
UTI Top 100 Fund is an open end equity scheme which aims to provide long term capital appreciation / dividend distribution by investing predominantly in equity and equity related instruments of top 100 stocks by market capitalization.
Ms Swati Kulkarni, fund manager of UTI Top 100 Fund said, “The scheme primarily invests in large cap companies. The scheme invests 65% of its assets in top 100 companies by market capitalization and balance in those companies which have attractive growth prospects and potential to outperform broad market indices.”
Launched in March 2009, UTI Top 100 Fund manages a corpus of Rs 533 crore as on August 2013.
