UTI Dividend Yield Fund
UTI Dividend Yield Fund declares tax-free dividend of 5.50 percent (Re.0.55 per unit on face value of Rs.10) under dividend option-existing plan and dividend option –direct plan.
The record date for the dividend is June 24, 2015. The NAV of UTI Dividend Yield Fund on June 19, 2015 under dividend option-existing plan was Rs.16.1018 and under dividend option-direct plan was Rs.17.1144. It is an open-ended equity oriented scheme. The investment objective of the scheme is to provide medium to long-term capital gains and / or dividend distribution by investing predominantly in equity and equity related instruments, which offer high dividend yield. Swati Kulkarni is the fund manager of the scheme.
UTI Balanced Fund
UTI Balanced Fund declares tax-free dividend of 5 percent (Rs. 0.50 per unit on face value of Rs.10) under dividend option-existing plan and dividend option –direct plan.
The record date for the dividend is June 24, 2015. The NAV of UTI Balanced Fund on June 19, 2015 under dividend option-existing plan was Rs.29.0442 and under dividend option-direct plan was Rs.29.2877. It is an open-ended balanced fund. The scheme aims to invest in a portfolio of equity/equity related securities and fixed income securities (debt and money market securities) with a view to generating regular income together with capital appreciation. V Srivatsa is the fund manager of the scheme.
UTI Spread Fund
UTI-SPrEAD Fund declares tax-free dividend of 2 percent (Rs. 0.20 per unit on face value of Rs.10) under dividend option-existing plan and dividend option –direct plan.
The record date for the dividend is June 24, 2015. The NAV of UTI-SPrEAD Fund on June 19, 2015 under dividend option-existing plan was Rs.15.7098 and under dividend option-direct plan was Rs.15.8615. It is an open-ended equity fund. The investment objective of the scheme is to provide capital appreciation and dividend distribution 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. Kaushik Basu is the fund manager of the scheme.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of the three schemes as on the record date will be eligible for this dividend.
