UTI-SPrEAD Fund declares dividend of 6%
UTI-SPrEAD Fund declares dividend of 6% (Rs. 0.600 per unit on face value of Rs.10/) under dividend option-existing plan and dividend option –direct plan, says a press release issued by the company.
The record date for the dividend is March 26, 2015.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI-SPrEAD Fund as on the record date will be eligible for this dividend.
The NAV of UTI-SPrEAD Fund on March 23, 2015 under dividend option-existing plan was Rs.15.9909 and under dividend option-direct plan was Rs.16.1194.
The investment objective of the fund is to provide capital appreciation through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity and equity-related securities, derivatives and the balance portion in debt securities.
UTI-SPrEAD Fund is an open-ended equity fund investing in a mix of equity, equity derivatives, debt and money market instruments.
Kaushik Basu is the fund manager of the scheme.
