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  • MF News UTI Leadership Equity Fund declares dividend

    UTI Leadership Equity Fund declares dividend

    -
    Team Cafemutual Feb 23, 2015

    UTI Leadership Equity Fund has declared a tax-free dividend of 22.5% (Rs.2.25  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 February 26, 2015. 

    All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Leadership Equity 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 Leadership Equity Fund on February 20, 2015 under dividend option-existing plan was Rs.24.2178 and under dividend option-direct plan was Rs.24.3930. 

    UTI-Leadership Equity Fund is an open-ended equity scheme. The investment objective of the scheme is to achieve long term capital appreciation and/or dividend distribution by investing in stocks that are "leaders" in their respective industries/sectors/sub-sector.

    Sanjay Dongre is the fund manager of the scheme.