UTI MF has declared dividend under its open ended equity oriented fund called UTI Dividend Yield Fund. The record date for which is January 14, 2014.
The fund declares dividend of 4.5% as on face value of Rs 10 the scheme will distribute Rs 0.45 per unit as dividend to its investors.
UTI Dividend Yield Fund seeks to provide capital gains by investing predominantly in equity and equity related instruments. Swati Kulkarni is the fund manager of the scheme.
The NAV of UTI Dividend Yield Fund as on January 8, 2014 under dividend option-existing plan was Rs.13.1154 and under dividend option-direct plan was Rs.13.7350.
