UTI Equity Tax Savings Plan (UTI-ETSP) declared dividend of 20% (Rs 2 per unit on face value of Rs.10) under dividend option-existing plan and 10% (Rs.1 per unit on face value of Rs.10) dividend option –direct plan. Similarly, UTI-CRTS investors will be benefited with the dividend of 4.48% (Rs.4.48 per unit on a face value of Rs.100).
The NAV of UTI-ETSP on December 12, 2013 under dividend option-existing plan was Rs.17.44 and under dividend option-direct plan was Rs.17.52 whereas NAV of UTI CRTS on December 12, 2013 under dividend option-existing plan was Rs. 137.73 and under dividend option-direct plan was Rs.138.08. .
UTI-ETSP aims to provide capital appreciation by investing in a portfolio of equities, fully convertible debentures/bonds and warrants of companies while UTI-CRTS seeks to provide regular income to its investors by investing not more than 30% of the funds in equity/ equity related instruments and balance in debt and money market instruments.
