UTI Balanced Fund
UTI Balanced Fund declares tax-free dividend of 5% (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 September 21, 2015, said the as stated in the press release issued by the company.
All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Balanced 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 Balanced Fund on September 15, 2015 under dividend option-existing plan was Rs.28.2682 and under dividend option-direct plan was Rs.28.5378.
V Srivatsa is the fund manager of the scheme.
UTI-SPrEAD Fund
UTI-SPrEAD Fund declares tax-free dividend of 0.65% (Rs. 0.065 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 September 21, 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 September 15, 2015 under dividend option-existing plan was Rs.15.6340 and under dividend option-direct plan was Rs.15.8740.
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.
