UTI-Mid Cap Fund is declaring a dividend of 40% (Re. 4 per unit on face value of Rs.10) under dividend option-existing plan and dividend option –direct plan. 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.
The record date for the dividend is December 3, 2014.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI-Mid Cap Fund as on the record date 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-Mid Cap Fund on November 27, 2014 under dividend option-existing plan was Rs.50.0408 and under dividend option-direct plan was Rs.50.6383.
UTI-Mid Cap Fund is an open-ended equity oriented scheme. The investment objective of the fund is capital appreciation by investing primarily in mid cap stocks.
The portfolio of UTI-Mid Cap Fund is primarily invested in dynamic and well managed medium sized enterprises having higher growth potential vis-à-vis their well-established counterparts. The fund primarily invests in stocks which only constitute the CNX Midcap Index and CNX 500 index.
Anoop Bhaskar is the fund manager of the scheme.
